New Title Page (new right page): Capitalism, Socialism and the Spread of Imperialism OA #1 (new left page) If you own a business or when you have a job, who should decide what to do with the business and who should decide what do with the money? Agree or Disagree Property and the means of production (factories) should be owned by businesses and individuals Agree or Disagree •When individuals follow their own self interest, progress will result. Agree or Disagree •The government must act to protect workers since employers often take advantage of them. Agree or Disagree • The government should own property and the means of production Agree or Disagree • The government should not interfere in the economy because the rules of the market-place (world of business) benefit everyone. Agree or Disagree •Good’s should be distributed according to each person’s needs Agree or Disagree •Competition among businesses is good. Agree or Disagree •Progress results when producers of goods cooperate for the benefit of all. OA #2 (new left page) • If you were starting your own country, what type of government would you prefer, a capitalistic government or a socialistic government? Explain why. OA #3 (under OA #2) What are some of the positives of Capitalism? What are some of the positives of Socialism? OA #4 (new left page) How does a country become an empire? The Age of Imperialism • Imperialism = a policy of conquering and ruling other lands • In the mid-1800s, Britain was the most powerful nation in the world. • By the late 1800s, however, Germany and the United States were challenging Britain’s economic leadership. • Faced with possible decline, Britain looked increasingly to its colonies for markets and resources. • Nations competed for overseas empires. Imperialism fostered rivalries. – The French and Dutch expanded their empires – Spain and Portugal attempted to build their empire in Africa – Russia expanded into central Asia and Siberia • Countries without colonies wanted to acquire colonies (Belgium, Italy, Germany) • The United States and Japan, also became involved in overseas expansion during this period. • Increasingly, Europeans viewed an empire as a measure of national stature. • Thus, the race for colonies grew out of a strong sense of national pride as well as from economic competition. OA #5 (Under OA #4) What is the relationship between imperialism and nationalism? OA #6 (new left page) What is the definition of a imperialism? Imperialism •Imperialism is ______________? Imperialism • Imperialism is the domination by one country of the political, economic, and/or economic life of another country • There are 3 forms of imperial rule: 1. Colonies 2. Protectorates 3. Sphere of Influence • Colonies –an area under the complete control of another country and settlers from the mother country come to the colony to live. –Two types of colonies: direct control and indirect control • Direct Control sending officials and soldiers from home country to control their colonies (France) • Indirect Control Using local rulers to govern their colonies (USA) • Protectorate – a country that is independent (sovereign), but under the protection of another country. – Cost little to run and didn’t require large military forces • Spheres of Influence – a region where one country dominates trade with that area (the area does not officially belong to another country)