Benjamin H Bryden 10KG

Dictionary Definitions
Capitalism: An economic and political system in which a countrys trade and industry are controlled by private owners for profit, rather than
by the state.
Country/System Elections Industry Individual Rights
USA Capitalism

Americans firmly believed that
other countries should be in the
American way.

Many Americans (including
Harry Truman) were opposed to
communism.
The USA was a free democracy its
government was chosen with free
democratic elections

In the USA business was privately owned
The USA was the worlds wealthiest
country, but there were great extremes,
like in most capital countries. There was
great wealth and great poverty.

Property was privately owned
Americans believed that free
control of the government was
of a greater importance than
everyone being equal.
USSR Communism

Soviet leaders believed that
other countries should be run in
the communist way.

Many people in the USSR were
bitterly opposed to capitalism.
The USSR was a one party dictatorship
there were elections but all of the
candidates were communists.
USSRs industry had grown rapidly in the
1920s and 1930s but the general living
standard in USSR was much lower than in
the USA.
Unemployment was rare and severe
poverty was rarer than in the USA.
The rights of individuals were
seen as less important than the
good of society as a whole.
Individuals lives were tightly
controlled.
Benjamin H Bryden 10KG
Communism: A theory or system of social organization in which all property is owned by the community and each person contributes and
receives according to their ability and needs.