Compare And Contrast The New System Between 1820 And 1860

In 1620 the pilgrims in Plymouth followed a system where there was no private ownership. The labor for food and supplies were to benefit the community as whole where people received an equal amount of share. This system lead to confusion and famine. Settlers recognized that a new system should be implemented. In 1623 the old system of communism was replaced with capitalism. This allowed for ownership of private property. Laborers had incentives to work harder because it benefited themselves and their families. The new system increased the productivity of harvesting and the supply of crops. Pilgrims learned the economic lesson that private property and free market was needed in order to prosper. Giving people economic incentives changed their