Capitalism

He pursued o policy of active gov't intervention in the economy, called the New Deal. It included an increased program of public works. The Works Progress Administration (WPA), established in 1935, was a gov't organization employing about 3 million people at its highest. Workers built bridges, roads, post offices, and airports.

Roosevelt also created a U.S. welfare system. it gave old-age pensions and unemployment insurance.

autocorrect

capitalism: wages, production for sale, class ownership of the means of production

Free-market capitalism is based on free markets, private ownership of the means of production, and limited regulations and some government provided goods and services.

Mixed capitalism has more heavily regulated markets, mainly private ownership of the means of production but also features a greater role for state-owned enterprises, and usually has economic intervention in markets to correct market failures.

Both are similar in that they are both based on the process of capital accumulation, both systems attempt to maximize private profits, and both are mainly privately-owned.

In some ways, it can help individuals. You know there is no government to help nor hinder you, so you understand well that you will either sink or swim. You know that if you want anything in life, you will have to work hard and make it happen. You would be able to call nearly all the shots with your own money. If you become one of the strong ones, you can make it.

However, there are downsides. Not everyone can compete in a capitalist world. Because of handicaps and discrimination, not everyone would have the same chances of getting ahead. So a system designed to make everyone strong as individuals may actually make some weaker. As a result, those who cannot compete in a capitalist world may turn to crime or otherwise take from others.

not sure need help too.

The traits would be that of property ownership, free enterprise, market mechanism and limited government role.

== == Capitalism has, and has had, many supporters and had no founder because it developed gradually and naturally as the feudal arrangements of the Middle Ages gave way. You may be thinking though of Adam Smith whose book, "The Wealth of Nations", published in 1776, gave the first and most important analysis of the principles on which it is based. Economists still study it to this day.

They allowed investors to take fewer risks.

Answer choices would be helpful here.

However, the general difference between mercantilism and capitalism is that mercantilism is more restrictive than capitalism. Mercantilism is the economic policy that a metropole should have a number of colonies that provide it material wealth, unrefined resources, and a market for its goods. As a result, according to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.

As a result, entrepreneurial colonists that wanted to make manufactures or to trade with other parties engaged in smuggling. This kind of smuggling disappears significantly when trade restrictions are lifted.

companies compete for profits. just finished my quiz on apex. :)

That is a good question. Considerable individual choice is one characteristic that both share. In a democratic society the citizen is encouraged to participate (or at least he should be encouraged) and Capitalism is free-ranging and multi-optional with opportunities you can create for yourself.

Democracy and Capitalism are not either/or. But they are not the same thing either. Opportunities in democracy and opportunities in Capitalism should be encouraged in both if both are to succeed.

Max Weber defines "spirit of capitalism" as the ideas and esprit that favor the rational pursuit of economic gain.

To what extend did the new deal strengthen or weaken the usa capitalism?

I think one of the greatest concern associated with capitalism is the ownership of private ownership because without the element of private ownership you can't think aboout this concept.

Marx's argument against capitalism is that it resulted in the creation of a class struggle between the owners and controllers of the means of production in society (the Bourgeoisie) and the mass of common laborers (the Proletariat) who were oppressed and exploited by the Bourgeoisie. Capitalism is designed to extract as much surplus value from the labor of the workers (profits) as it possibly can. In order to maximize profits capitalists force the Proletariat to work to a point where their lives, health and ability to enjoy life in general deteriorates.

the term whas coindes by adem shadow:

Yes: people in Communism are free to do worthwhile and rewarding work, and can live comfortably with free access to what has been produced. Under capitalism, the vast majority have to work for an employer and their consumption is limited by their wage.

While some believe that they were born together that is not necessarily true. Capitalism came centuries before the industrial revolution however it only came about in small regions such as the UK and the US. It wasn't until the Industrial Revolution that capitalism made it's moves to becoming global (which some countries rejected quickly such as the USSR) and having the markettrulybecome thefundamental aspects of most societies. So the relationship ultimately in myopinion(i sayopinionbecause some would beg to differ) is that capitalism came first in the 15th century then the industrial revolution came in the 19th century and was pretty much capitalism'ssteroidsallowing it to rule the land with a significant enough amount of roid rage to terrify every peasant in it's path but yet make every capitalist gleeful with it's strength.

Some of the strengths of capitalism are the providing of a scale of wages in which one can acquire wealth. There is also investment in the means of production to generate profits for investors and owners. The main weakness is that this can lead to monopolies and great wealth being held by a very small percentage of a country.

The economic system where operations are funded by profit and where production and distribution are corporately or privately owned is capitalism. Examples of countries that use capitalism include the United States, United Kingdom, Canada, Japan, Denmark, and Australia.

The state has several roles to play in capitalism. Firstly, it exists to protest the interests and power of the capitalist class against the working class. Also, since capitalism is a fairly anarchic system in some ways, a political establishment is required to bring some order to what would otherwise be a very unstable situation politically and economically.

A society with none of the hallmarks of capitalism, i.e. classes, wages, production for sale, government, armies. So Communism, a classless stateless society based on production for use.