Today we finished the group projects. United States states and capital test today and tomorrow.
- Monarchy
- 5 countries with communism: China, Cuba, Vietnam, Loas?, 1 other.
- Monarchy: Supreme power held by one person.
- Constitutional Monarchy: Power is limited by laws and a constitution.
- Absolute Monarch: Country where the monarch has absolute cpntrol over life.
- Examples:
- Absolute Monarchy: Bhutan, Saudi Arabia, Qatar
- Constitutional: United Kingdom, Australia, Denmark.
- Historical Absolute: Japan.
- Capitalism:The government has less authority, so prices are determind by competition, supply, and demand.
- Examples: United States, Mexico, and Canada, and the 27 countries of the European Union, Egypt, Peru, Russia, Turkey.
- Socialism: Where everything is controlled by government instead of by private organizations.
- Countries that had socialism: Chile, Cuba, North Korea, Venuezuala, Nicaragua.
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