Watch a video and answer questions (100 words)

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Watch Crash Course World History, episode 1.33: Capitalism and Socialism: https://nerdfighteria.info/video/116/B3u4EFTwprM

Write about 100 words on the following: first, DEFINE “capitalism” and “socialism.” Then, talk about what you knew prior to watching the video about these two terms. Was your prior understanding of these terms different or similar to the way the video talked about them?