BBC Teach | History | KS3 | Capitalism | BBC Teach @bbcteach | Uploaded September 2020 | Updated October 2024, 19 hours ago.
After defining the political ideology of capitalism and contrasting it with communism, the video explains that the rivalry between the two was the basis of the Cold War in the second half of the 20th century. It then outlines the basics of free market capitalism and its origins in Adam Smith’s book ‘The Wealth of Nations’. It goes on to look at how the development of capitalism led to the Industrial Revolution and the factory system. Finally, it explains that most modern Western economies are mixed economies, combining free market capitalism and state intervention.

This clip is from the series Explain This...

This short film is relevant for teaching History at KS3 in England, Wales and Northern Ireland and 3rd Level in Scotland.

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For free in depth teachers notes, follow the links via the cards.

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Teaching [History at KS3

Follow this link for Teacher Notes:
bbc.co.uk/teach/class-clips-video/history-ks3-capitalism/zhmx6v4

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youtube.com/playlist?list=PLcvEcrsF_9zKaukmBI_Ums4voCB_RP6Ys

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