answersLogoWhite

0

Through the slow chiseling away of the old system by "moneyed influence." a.k.a a bunch of rich people bought congressmen in order to have it implemented. Contrary to popular belief the U.S. has not always been Capitalist. The "official" start of capitalism in this country started in 1913 with the implementation of the bill creating the Federal Reserve. Prior to that the economic system was known as the "American System" which shared some aspects with capitalism and allowed some of the "basic capitalist" things you see(the mom and pop diner or grocery store down the street, for instance) but had strict controls on corporations, high tariffs, and many other protectionist stategies, large government investments in infrastructure(as a mandate of the system as opposed to being just something we do), and a national bank with policies that promote the growth of productive enterprises rather than speculation.

User Avatar

Wiki User

13y ago

What else can I help you with?