Scribd Logo
Upload

Welcome to Scribd!

  • TOPIC 2 Chapter 1 Unit 1

    Uploaded by

    fihlanisisanda167
    3 views1 page
    The document provides an overview of capitalism in the United States from 1900 to 1940. It focuses on how the Great Depression brought about a crisis in capitalism. The first chapter defines capitalism as an ideology supporting a free market system with private ownership and individual profits. It emphasizes freedom, competition, and limited government intervention. The United States became the most powerful capitalist country after World War I. Learners are instructed to read the textbook sections, complete activities, and learn key terms to understand how the Great Depression challenged the capitalist system.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document provides an overview of capitalism in the United States from 1900 to 1940. It focuses on how the Great Depression brought about a crisis in capitalism. The first chapter defines capitalism as an ideology supporting a free market system with private ownership and individual profits. It emphasizes freedom, competition, and limited government intervention. The United States became the most powerful capitalist country after World War I. Learners are instructed to read the textbook sections, complete activities, and learn key terms to understand how the Great Depression challenged the capitalist system.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views1 page

    TOPIC 2 Chapter 1 Unit 1

    Uploaded by

    fihlanisisanda167
    The document provides an overview of capitalism in the United States from 1900 to 1940. It focuses on how the Great Depression brought about a crisis in capitalism. The first chapter defines capitalism as an ideology supporting a free market system with private ownership and individual profits. It emphasizes freedom, competition, and limited government intervention. The United States became the most powerful capitalist country after World War I. Learners are instructed to read the textbook sections, complete activities, and learn key terms to understand how the Great Depression challenged the capitalist system.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    TOPIC 2: CAPITALISM IN THE USA, 1900 TO 1940 (page 96-145)

    KEY QUESTION: How did the Great Depression in the USA bring about a crisis in Capitalism?

    NOTE TO LEARNERS:
    1) Kindly ensure that you read the sections in the textbook referred to in these notes
    2) Kindly ensure you complete the Activities stated in the notes.
    3) Ensure that you know the definitions of the words grouped together under “key words,” knowing these
    terms will simplify understanding of the narrative of the Topic.
    3) Numbers 1 and 2 will ensure you have a grasp on the details needed to answer the core question(s).

    CHAPTER 1: THE NATURE OF CAPITALISM IN THE USA (PAGE 98-101)

    Unit 1: What is capitalism? (READ page 98)


     Capitalism is an ideology (a set of ideas that are used to support a belief system) about the economy
    works.
    o Some of its features include:
     People need freedom
     When people complete against each other, they achieve greater things
     Some people have more than others do, because they make better use of their abilities.
     Government should not interfere with the economy
     Private ownership of the economy, and profits for individuals.
     Capitalist ideology stresses that there should be a Free Market (an economic system in which the
    government does not control how businesses operate and make their profits)
    o The belief is that people will work harder if they can make more money and keep it.
     The term ‘capital’ in this context means money is used to buy or invest (to put your money into a
    business in the hope that the business will do well and you will get a share of the profit it makes) in
    land, mines, factories and businesses (factors of production).
     The role and most important function of a government is to protect the rights of individuals
     USA became the most powerful capitalist country in the world after WW1

    ACTIVITY 1: Kindly complete this activity on page 98. Refer to the drawing on the left of 98 to answer the 3
    questions.
    TIP: Use mark allocation of questions to guide you with how many facts/answers are required to complete
    each question.

    You might also like