Comparing free market and centrally planned economies
FED Chairman Alan Greenspan explains differences between free market economies and the centrally planned economies of the Former Soviet Union.
Description
FED Chairman Alan Greenspan explains differences between free market economies and the centrally planned economies of the Former Soviet Union.
Bell Ringer Assignment
- According to Mr. Greenspan, when did centrally planned economies begin?
- What are key differences between market economies and centrally planned economies?
- What were some difficulties with centrally planned economies?
Participants
Vocabulary
- Berlin Wall
- Centrally Planned Economy
- Cold War
- Free Market Economy
- Soviet Union