https://padlet.com/michaelhofstader2019/8xeqnb97j4dp Made with a little mischief en-us 2018-02-20 21:02:17 UTC 2018-02-23 21:33:53 UTC hello@padlet.com 1649202 https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/233525441 a system of government where there is no property and the government is in charge of distributing wealth equally. this system is known to fail, people have no motivation to work because they still get paid and because of that the the economy crashes and everyone starves.]]> 2018-02-20 21:22:03 UTC https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/233525441 michaelhofstader2019 https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/233525635 In the middle of the 20th century is when communism started.  Also, it took up about one third of the world's population that has all lived under communist regimes.  ]]> 2018-02-20 21:22:37 UTC https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/233525635 lukej146b https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/233525749 Began some time in the early 16th century, but the first groups of it were recorded as existing earlier in the European Middle Ages.]]> 2018-02-20 21:22:59 UTC https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/233525749 lukej146b https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/234073506 Capitalism grew largely during the 16th, 17th, and 18th centuries due to the sudden growth of the English cotton industry. The distinguishing feature of capitalism was it's use of overproduction instead of excess consumption. This helped grow the productive capacity instead of investing in economically unhelpful expenses.]]> 2018-02-22 03:47:59 UTC https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/234073506 lukej146b https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/234501633 Europe's increase in supplies of precious materials and the resulting inflation, however wages couldn't increase fast enough for the economy to stay even. As a result the main benefactors of this time period were capitalists]]> 2018-02-22 21:28:41 UTC https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/234501633 huntbradwalt https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/234913480 Capitalism is when a countries trade are controlled by private owners for profit]]> 2018-02-23 21:16:57 UTC https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/234913480 huntbradwalt https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/234914253 2018-02-23 21:19:15 UTC https://padlet.com/michaelhofstader2019/8xeqnb97j4dp/wish/234914253