Andersonville Prison.pptx - LESSON ON ECONOMIC SYSTEMS...

This preview shows page 1 - 5 out of 12 pages.

LESSON ON ECONOMIC SYSTEMS ANDERSONVILLE PRISON: AN ECONOMIC MICROCOSM Economic System : a collection of laws, institutions and, activities, that provide a framework for economic decision-making Command Economy : economic decision-making is made largely by a government authority Market Economy : economic decision-making is made by individuals in the marketplace that reflects supply and demand Scarcity : limited quantities of resources that are never enough to satisfy human wants ecedweb.unomaha.edu/ecedweek/lesson2.htm
Image of page 1

Subscribe to view the full document.

INTRODUCTION All society must develop an economic system to answer the basic economic questions. While we usually identify economic systems with a country (the United States has a market oriented system; the former Soviet Union had a command system), it is also possible to identify an economic system at a micro level.
Image of page 2
History : One of the realities of the Civil War was how to care for the thousands of prisoners taken by the North and South. Confederate forces captured 211,400 Union soldiers of which 30,208 died in prison camps. Andersonville, located in Georgia (Sumter Co.), was the largest of the camps established during the Civil War. During the fourteen months it existed, more than 45,000 Union soldiers were confined there. Of these, almost 13,000 died from disease, poor sanitation, malnutrition, overcrowding, or exposure to the elements. Handicapped by deteriorating economic conditions, an inadequate transportation system, and the need to concentrate all available resources on its army, the Confederate government was unable to provide adequate housing, food, clothing, and medical care to their captives.
Image of page 3

Subscribe to view the full document.

Economic History : Because of the inability of the
Image of page 4
Image of page 5
  • Fall '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes