Potsdam/Early Cold War
Were the things decided on at Potsdam successes or failures?
some were and some were not
Where were the Russian prison camps?
Siberia
What was Karl Marx’s goal?
He wanted to make the world better.
Using the 2 cows analogy, describe Communism
you have 2 cows. The state takes both and gives you some milk.
What was Apollo 11? Who launched it?
Apollo 11 was the first mission to the moon – the US launched it.
What was the Russian Revolution?
When Russia revolted against the tsar.
How did the economy work under Marx’s system?
Everyone would share everything.
Using the 2 cows analogy, describe Fascism
You have 2 cows. The state takes both and sells you some milk
What was Sputnik? Who launched it?
Sputnik was the first satellite – Russia launched it
Where did the word tsar come from?
From the word Caesar.
What did Karl Marx not understand about human nature?
People need motivation
Using the 2 cows analogy, describe Capitalism
you have 2 cows. You sell one and buy a bull. Your herd multiplies and the economy grows. You sell your herd and retire on the income.
What happened in Israel in 1949?
Israel had to fight for its liberation.
What did Lenin do to set up communism in Russia?
Set up a totalitarian government.
Did things turn out how Marx predicted? Why or why not?
No – because people didn’t want to work.
Using the 2 cows analogy, describe Socialism
You have 2 cows. you give one to your neighbor
Name at least 2 things decided on at the Potsdam Conference.
Germany was divided into 4 zones
Nazis had to be tried for war crimes
Who started the Russian Revolution, and what was his political party?
Lenin started it, and his party was Bolshevik.
What was the result of capitalism in the 2nd half of the 20th century?
It was beneficial – quality of life rose and the economy grew.
Using the 2 cows analogy, describe Venture Capitalism
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one more.