The Role of the United States in a Changing World

Virginia SOL GOVT.13

Evaluate economic and political systems and their global influence.

What students need to be able to do

  • Evaluate the economic and political systems of capitalism, communism, Marxism, socialism, fascism, authoritarianism, and totalitarianism.
  • Compare the characteristics of economies as described by Adam Smith, Karl Marx, John Maynard Keynes, Friedrich Hayek, Milton Friedman, and Thomas Sowell.
  • Compare and contrast capitalism and socialism as economic systems, including the role of government and individual economic freedoms.
  • Explain the differences between the principles of the Bill of Rights and the Communist Manifesto.
  • Evaluate the factors that influence production and distribution of goods in a market system.
  • Explain how competition and free enterprise influence local, national, and global economies.