Vocab Words

Vocab Words

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Term Definition
Capitalism In common usage, the word capitalism means an economic system.
Socialism Most generally, socialism refers to state ownership of common property, or state ownership of the means of production.
Communism Most generally, communism refers to community ownership of property, with the end goal being complete social equality via economic equality.
Fascism The word descends from the Latin ‘fasces’, the bundle of sticks used by the Romans to symbolize their empire. This should clue you in that Fascism attempts to recapture both the glory and social organization of Rome.

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