Global Transition to Capitalism

Countries everywhere are switching to which economy?

• Command

• Traditional

• Capitalist

• Mixed

Switching to a Capitalist Economy is _______ so other countries decided to switch as well.

• Not worth it

• Trending

• Unsuccessful

• a really good idea

In order to successfully make the switch to capitalism countries need to ....

• Let it go, Let it gooo

• Adopt Free Will

• Adopt Privatization

• Adopt Supply & Demand

Who Loses in the Switch to Capitalism? Who Wins? This of Public Ownership & Private Ownership

What are 4 reasons why Countries decided to switch to Capitalism?

What economy where the countries we talked about trying to escape or get away from?

• Traditional

• Socialist

• Market

• Command

Match the following according to their timeline of making the switch

• 1900-1990s Command Economy

• 
• 1900-1970s Command Economy

• 
• 1970s-Present Socialist Market Economy

• 

What was the Great Leap Forward ?

• China Jumped Ahead

• China tried to make the switch to capitalism too fast.

• China was successful the first time they tried to switch to capitalism

• China won the space race

True or False: Chile Made the transition to capitalism

• True

• False