The Impact Of Communism And Capitalism - 1694 Words

Stephanie LeBlanc Professor Wesley Austin Economics 201 16 October 2016 The Impact of Communism There are faults within both communism and capitalism, but sometimes one can even effect the other. This paper will explore what the possible connection is between North Korea’s communistic economy and how it may have impacted South Korea’s capitalistic economy. At the end of the World War II in 1945, two separate regimes emerged on the Korean peninsula to replace what was once the colonial government. The United States military government took over the southern half, now known as South Korea, while communist Russia set up a Korean leadership in the northern half, now known as North Korea. The political division meant sudden disruption of trade with both Japan and within Korea, causing serious economic issues. While trying to control the chaos that happened after the de-colonization, the United States military government privatized properties previously owned by the Japanese government and civilians. During World War II the economy of the Korean peninsula was in absolute shambles. Despite all the measures taken by both the new South Korean government and the United States military to help the country get back on its feet, The Korean War then soon broke out in 1950, killing one and half million people and destroying about one quarter of capital stock. After the war, South Korea followed most other post-World War II countries’ examples and tried to help create economic growth byShow MoreRelatedMarxism And Communism753 Words   |  4 PagesIn the western world, people view communism as a conquered historical ideology, but communism continues to influence the world today. China, the fourth largest country on the earth, displays the label of communism today. Communism is a ‘classless’ ideology in which all property is owned by a large community and each person receives according to their needs and abilities. Communism is a set of ideas including several different variations and schemes on the philosophy. However, the most accepted andRead MoreThe Cold War1676 Words   |  7 PagesThe Cold War started by the end of the Second World War. The aim of this war was to spread opposing ideologies of Capitalism and Communism by the two world superpowers without the result of a hot war. The war was between the Capitalist W est - namely: the United States of America, Britain and France – and Communist East – known to be Russia and all the satellite states which communism had taken over. An agreement made at the Yalta meeting of 1945 was that Germany would be divided into four sectorsRead MoreMcCarthyism: Weeding out Communist Threats or Saving Capitalism1431 Words   |  6 Pagesas a revisionist look at the impacts of McCarthy’s red scare on the politics in the United States ended with a rudimentary analysis of the repercussions of a fabricated fear of communism. The article â€Å"McCarthyism: Political Repression and the Fear of Communism† denied overarching themes of the time period and focused on narrow attempts to place economic sanctions, infractions of civil rights, and national security as the reasons and outcomes of the fear of communism. While these themes are all supportedRead More Karl Marx Essay1110 Words   |  5 Pages Most people think of communism as a bad thing. Karl Marx would disagree. He formed the basic ideas of communism in his writings. He argued that communism was the eventual government that formed out of many unsuccessful governments. Many modern communists either use his ideas or use parts of his ideas to form their own. Karl Marx is the true father of communism. Marx was born in Trier, Prussia on May 5, 1818 (Beales). His family was Jewish, but his father converted the family to ProtestantismRead MoreThe Cold War : Communism And Capitalism997 Words   |  4 Pagespeople that thought it was caused by the conflicts of communism and capitalism, so who was right? Well we only know what we read in our history books which says that it was caused by the conflicts of communism and capitalism. Was this the real reason for the cold war? In my essay I will give details about the cold war and tell why the war was started, who started the war, what doctrines were put in place to keep the Soviet Union from spreading communism, and how the Cold War impacted the foreign and domesticRead MoreFrom The Depths By William Balfour Ker1139 Words   |  5 PagesAnna Fogle, Northridge High School, 9th grade World History Intro to Capitalism Standard: 9.9) Describe the impact of technological inventions,conditions of labor, and the economic theories of capitalism, liberalism,socialism, and Marxism during the Industrial Revolution on the economies, societies, and politics of Europe. Common Core: CCRS-W9. Draw evidence from literary or informational texts to support analysis, reflection, and research. Objective: Students will analyze an image titled â€Å"FromRead MoreEssay about The Industrial Revolution, Capitalism, and Socialism810 Words   |  4 Pagesneeded to purchase these machines and the factories that housed them and then hire employees as workers. This generally caused a great disparity of wealth. Though capitalism already existed by the time large-scale manufacturing came into play, the very nature of these changes had a great impact in it’s further development. Capitalism is a type of economic organization in which those with capital, or the funds and resources needed to purchase and maintain large scale production facilities, own allRead MoreCommunism And The Soviet Union Essay1672 Words   |  7 Pagesother hand, United States and allies were for capitalism and were determined to spread it as far as possible. They detest socialism and communism because it was against building of business empires by individuals. Building of commercial empires on exploitation of resources of other countries by private companies was the very foundation on which capitalism stood. You now see the conflict-private interests of capitalism versus state interests of communism. Therefore, since 1945, when the World War IIRead MoreThe Influence of the Communist Manifesto on the Development of Industrial Capitalism1249 Words   |  5 Pagesleft a tremendous impact on a society that was rapidly becoming industrialized, and its effects can even be seen on the domina ting economic system of the twenty-first century. In the later nineteenth century, however, industrial capitalism was on the brink of ruin. â€Å"On many occasions during the past century, Marxists have thought that capitalism was down for the count . . . Yet it has always come back with renewed strength.† Industrial capitalism succeeded in the face of communism, despite numerousRead MoreThe Main Factors Of The Communist Manifesto1680 Words   |  7 Pagesthe relevance of the Communist Manifesto. The first of these factors to be addressed is globalization in the modern world. Ever since the age of imperialism, globalization has served to spread capitalism and its effects across the world. This globalization did not occur as predicted by Marx, with â€Å"capitalism spreading across the world† and uniting the proletariat of every nation against the bourgeoisie (Munck 51). Instead, as discussed earlier, globalization took a different route, forcing an interconnectedn ess