Heyyyyyyy

Whoops! I forgot to blog this week! Anyways, In class today we finished looking at all the groups final project! They were really good...filled with awesome information.Then we reviewed for the final exam, which was interesting because Ben stood in front of the class and was the "teacher".  It has been really awesome to have students from Japan here this week! This was overall a great week!

Projects

Today, we met the Japanese students and they told us a little bit about themselves. Then we broke into our groups and worked on our projects a little but more. And of course we laughed and had a lot of fun but still got our work done. That is basically all we did today in class.

People's Republic of Capitalism Part 3

Today, in class we finished watching the 3rd video of the People's Republic of Capitalism. In China, 30 million cars are being made in one year. By the 2030, China is going to have more cars than the United States. The city of Cong Qing is the center of car production. China has about 25,000 new cars a day and 9 million new cars a year. In order for the United States to buy cars from China,they have to pass the test- degree of damage.

Definitions

Capitalism- an economic system and politic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
Capitalism is a social system based on the principle of individual rights. 

Communism- is a revolutionary socialist movement to create a classless and stateless and social order structured upon common ownership of the means of production.

Free Enterprise- Freedom of private business to organize and operate for profit in a competitive system without interference by government beyond regulation

Free Market- an economic system operating by free competition between private business.

People's republic of Capitalism Part 2

Did you know that every year in China there is about 9 million more cars on the road than the previous year?! In China, there are so many accidents. They call the insurance company Liberty Mutual when they get in a car accident or even when someone scratches their car, because the insurance company with give them the money to fix their car without much investigation. Others in China will just settle it between themselves right there without going to court or call the insurance company. On the road, some people haven't even driven in there entire life. In the United States, people learn to drive as teenagers. In China, people are learning to drive in their 30s, 40s and 50s. In China, they make the highways by digging holes and doing it with a shovel. They find it easier that way. A man in China gets about 14 dollars a day for putting together dynamite through a mountain to make a tunnel for cars to go in and out. They work 11 hours a day, seven days a week. The people in China are building tunnels and roads as fast as people are making cars.