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Capitalism was begun as an experimental type of economy here in the United States. We were very fortunate that such an experiment was started in the USA. It was overwhelmingly successful and allowed us to realize "the American dream," which every immigrant to this country longed to achieve.
Capitalism allows every person--no matter how poor or in unfortunate circumstances--to use his intellect, his determination, his ideas, his assets, his abilities, skills and talents to begin his own business or whatever his dream is to succeed in this great country.
And capitalism was the economic tool that enabled success. Capitalism allows any person to achieve everything within his own limits or boundaries, and when he has reached the pinnacle of his success, it is possible that he will hire others
to fill the jobs he has available, thus expanding and aggrandizing his organization and thereby calling for the hiring of even more employees.
Capitalism was the greatest economic experiment ever carried out in this country--or any other country--and it has overwhelmingly succeeded, taking with it to the top all of its participants, financeers and workers.
There have been many books written about capitalism and its achievements. Two examples are "Atlas Shrugged" and "The Fountainhead," both written by Ayn Rand.
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When capitalism started?
19th century, in the 1800.
The philosophy that western capitalism was the enemy of mankind was started by?
Marx
What new ideas that started in opposition to capitalism?
Socialism/ccommunism
Did capitalism develop from communism?
No. The opposite happened. Karl Marx's critique of capitalism was what started communism.
How did capitalism contribute to beginning of World War 2?
It helped because the Great Depression largely caused by capitalism angered the German people who then started WW2
What are the origins of Capitalism and communism?
Capitalism was started by John Smith in the US and was very popular because it put people before society. Communism was started by Karl Marx in and catched on well in the Soviet Union because it put society before the people.
Who condemned capitalism?
The Communists and Socialists, like Stalin's Russia, Communist China, North Korea, ect. Germany's Karl Marx basically started the (rightful) bashing of capitalism.
How did the new deal weaken or strengthen the US capitalism?
To what extend did the new deal strengthen or weaken the usa capitalism?
How long has capitalism been in America?
Capitalism really started to develop in Europe in the early-mid 1800's, but the seeds of modern capitalism could be seen as far back as the 14 and 1500's.
Why were the kulaks important?
The kulaks were a class of farmers who started out as peasants, but became successful and wealthy, developing their own little system of capitalism. Stalin was not about to allow any sort of capitalism to take root in Russia, so he had them all killed.
Where did capitalism?
It started in Europe in the 18th century when bankers, merchants, and workers began to displace landowners in political, economic, and social importance.
What type of economic system do individuals own most of the businesses?
Capitalism
