By: Hunter Wright

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What is Socialism?

Socialism is an economic and political system that is based on public or collective ownership of the means of production. It emphasizes equality more than achievement, and it values workers by the amount of time they put in instead of the quality of the products they produce.

Who "invented" the idea of Socialism.

Robert Owen is considered the "father" of Socialism.

Why did Socialism become popular?

Socialism became popular around the world, because it allowed enterprises and individuals to control the quality and quanity of production.

Why is Socialism the best economic system?

Socialism is the best economic system, because it values the workers by the amount of time they put in, rather than the quality of products they produce.

Why is Socialism better than Capitalism and Communism?

Socialism is better than the other types of economic systems, because it allows public enterprises or individuals to control the means of production. This is beneficial, because it diminishes the probability that the government will become corrupt (while controlling the means of production), and forcing high prices on products its citizens need.

Where can examples of socialism be found in the modern day?

China, Vietnam, and Cuba are considered to be modern day socialist societies.

How is Socialism being followed today?

Most countries today are a mix between Capitalism and Socialism. China, Vietnam, and Cuba are countries that are pure-socialist.
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Works Cited

"Socialism Definition | Investopedia." Investopedia. 8 Sept. 2010. Web. 14 Dec. 2014.

Dowd, Douglas. "Robert Owen (British Social Reformer)." Encyclopedia Britannica Online. Encyclopedia Britannica. Web. 14 Dec. 2014.

"soviet-poster-socialism-poster-ussr-propaganda-hands-holding-hammer-and-sickle." Photograph. Shutterstock. 2003-2014. Web. 14 Dec. 2006.

"worker holding flag and hammer - industry poster (industry design, construction worker, poster for labor day)." Photograph. Shutterstock. 2003-2014. Web. 14 Dec. 2006.