Extreme Socialism – a better way? What are the key beliefs of extreme socialists? Philosophies of Marxism What did Marx believe all history is based on? Who are the proletariat/bourgeoisie? Explain the steps Marx outlined to become a communist society 1. 2. 3. 4. Why would Marx want full public ownership? What is the communist motto? How to Answer the Three Economic Questions What How Who When Socialism Goes Bad How capitalism can reform a corrupt socialist system Pros of Communism Cons of Communism Summarize the actions of Lenin: (especially the revolution and NEP) Summarize the actions of Stalin (especially the 5 year plans) - What was GOSPLAN? The Collapse of Soviet Socialism List two of Gorbachev’s economic reforms Define: Glasnost Perestroika Summarize the results of the USSR turning to capitalism Other Examples China: North Korea: Cuba: Venezuela: