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.