Capitalism In America

In America, many industries, concepts, and politics have influenced other aspects of American culture, for instance, economics. The concept of Capitalism has been around for hundreds of years, originating in the medieval era. Capitalism is an economic system that deals with the ownership of production companies and selling produced goods for profit. Practicing capitalism focuses more on the business aspect of the economy and actually detriments the strength of the economy. It favors the elite living in the world, and most other people cannot utilize capitalism the way the wealthy can. Capitalism shies away from local production of goods and focuses more on mass production of goods. Capitalism also is flawed because the government has a low
The Russian socialist Karl Marx believed that capitalism would eventually deteriorate the working class into poverty, and social reform would have to follow. Capitalism just in general leads to social inequality. When people view themselves as superior to others, they avoid helping other less-fortunate people and instead commit more time to helping themselves. This undemocratic economic system is detrimental to the US economy’s well
This led to a heightened sense of duty in Americans to explore their newly acquired land and use it to their advantage. France gave up a lot of land for a small amount of money. Fifteen million dollars may not seem that cheap, but given the amount of land they purchased, this was a steal. This also gave way to other economic and political problems, such as the issue of whether slavery would expand westward or stay in the Southeastern states. This led to the formation of numerous parties throughout the evolution of democracy throughout the years, and also was a very controversial topic for the candidates running for President. After acquiring the Louisiana Purchase, this allowed for even more expansion westward, which led to foreign affairs with Mexico and also more encounters with Native Americans. Owning more land in America also offered opportunity to anyone that was willing to adventure westward and settle the new