Respond to the following questions in your post:
Does capitalism work well for American society–why/why not? (What are its benefits/drawbacks?) Why did capitalism seem to “naturally progress” in early 19th century society?
Central Academy: Social Sciences: Mrs. Snyder
Will Mackaman period 6
The capitalist system fits the US economy better than socialism. Hard work is rewarded through a higher income. A citizen of the United States is able to achieve whatever he or she wants depending on how hard he or she works at it; someone’s level of education being an example. Socialism could’ve worked under the right leaders and conditions, but capitalism developed in America in the nineteenth century because of the market revolution and industrialization’s influence on job compitition. However, a drawback of capitalism is that all men are not necessarily equal under the system. The rich typically stay rich, while the poor typically remain poor.
Yes, capitalism works in the United States. It provides the American people with many oppurtunities to succeed. The system began to naturally progress in the early 19th century, because the of the start of the Industrial Revolution and the American people learned how to make better decisions in our market because of it they were producing more. The concept seems to be passed onto following generations and the new generation was ready for the new industrious society because they had grown up with it.
Cole Smith
P2
Sorry this is so late, but I didn’t have time friday night because I was in a car accident.
In general, capitalism works well in the Unites States. The benefit is that, like most things “American”, capitalism provides us with a free market. It allows for creativity, uniqueness, and great success, as well as significant failures (aka a good part of the economy/businesses today). One of the characteristics of capitalism that I like the most is that it gives people an innitiative to work. Theoretically, the harder one works, the more wealthy that person will become. The problem? Key word: THEORETICALLY. Obviously, our country spans a variety of income levels, from the very rich to the very poor. There are some very poor Americans that work extremely hard, often working two or three jobs at a time. Similarly, there are some very wealthy Americans that “don’t deserve” to be as wealthy as they are. Unfortunately, not all Americans start out on an equal level, although if they get a good education, get a job, make good choices, etc., they should be able to succeed within our economic and social system.
I would say that capitalism fit in well with American ideals. When people came from Britain, they were looking for a new start where they could control their government, including the economy. They wanted freedom, and that’s what capitalism offered- the opportunity to theoretically sell, make, or buy whatever they wanted however they wanted.