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Keynesianism was created by the British economist John Maynard Keynes. He believed that government spending through the employment of long not working people, would be the way to bringing the world economies out of the depression.but this was in 1933, but by 1939 the depression was over. Thankfully

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Karl Marx wrote The Communist in 1848 before the Revolutions of 1848in Europe, showing what the term "scientific socialism" meant

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It was founded my Karl Marx and Also by Friedrich Engels in the mid-19th century At first it had three related ideas: a philosophical anthropology, a theory of history, and an economic and political program.

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Classical liberals agreed with Thomas Hobbes  that government had been created by individuals to protect themselves from each other and that the purpose of government should be to minimize conflict between individuals that would otherwise arise in a state of nature

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Founder of socialism

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Father of Keynesianism

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Keynesianismis part of capitalism which is a good economic system. In a capitalist system, people earn money from their work. Businesses employ and pay people to work. Then people can spend their money on things they want.

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The thing that motivates people is that you can work for money and buy things that you value with the money and the more you work the more money you get

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You can do whatever you want but it has to abide by the law but most things you can choose

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socialism is influenced by the theory of Karl Marx also known as Marxism and it  views history as being driven by the struggles of economic classes.

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People have to work or they will starve and they wouldn’t be able to live

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You can and can’t do what you want because there are still laws but you still have to listen to the government

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Success gets rewarded and failure gets punished because if you work and work well you will get more money but if you don’t work as hard you won’t get as much money

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You do keep your stuff but you have to work to keep it

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Founder of communism also known as Marxism

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Marxism/ Communism fights for the self-emancipation of the working class, subjecting all forms of domination by the bourgeoisie, its institutions and its ideology, to theoretical and practical critique.

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The incentives classical liberalism is that they have free-market : low taxes, laissez faire, and reduces the governments intervention in the economy.

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You aren’t fully free with Communism because the government controlsand runs everything.

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Succes does not get rewarded but failure gets punished

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Father of Classic Liberal Capatalism

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Classical liberalism is a political ideology and a branch of liberalism which advocates civil liberties under the rule of law with an emphasis on economic freedom

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The incentives of classical liberalism is that it lowers taxes, laissez faire, and reduces the government intervention in the economy.

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You can do what you want because it emphesises economic freedom and it builds on ideas from the 19th century.

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They don’t like the fact that everyone is not equal and they don’t punish failure or reward succes

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You keep your things becaue it limits the control in government and the government has less control than other economic systems

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Succes does get rewarded because if you work and you are successful at it, you will get money but if you fail or commit a crime then you will be punished

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You do keep your things and you get to do whatever you want to do with it as long as it’s not illegal

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You do not keep your things because the government own all of it so it’s not your own