Discuss The Benefits Of Capitalism In America
The Benefits Of Capitalism In America
Kevin Mehner
Bastiat Economics Entry
March 5, 2012
The Benefits of Capitalism in America
Introduction
During the late 18th century, the United States was born, and the American Revolution was underway. The vital decision of choosing which type of government to use was on the forefront of the Framer’s, early leaders of the country, minds. Two groups, the Federalists and the Anti-Federalists, emerged with opposing viewpoints. The Federalists advocated a strong national government, while the Anti-Federalists supported less government involvement, putting more trust in the common man. Following the American Revolution, Federalists became increasingly unpopular and the American public was redefining republicanism to mean the control of the government by the common people (Bateman 178).
Thomas Jefferson, an Anti-Federalist, emerged as the representative of this movement, and a democratic republic began (Bateman 178). The populists, those who represented the general public, had a newfound hope and an optimistic outlook on the future of America. An important part of their optimism was derived from their belief that economic prosperity would flow from the initiative of common men such as …show more content…
It is also important to me as an American. The purpose of writing this paper is to look at American history and assess the benefits and costs of having capitalism as our economic system. I wish to go over the history and birth of capitalism, determine why American founders chose it, and accurately compare a capitalistic view of economics to other economics systems around the world. Lastly, I plan to discuss the “American dream,” the recent events that have started to thwart that dream, and what it will take to preserve that dream for future generations. American capitalism is the most effective economic system in
Kevin Mehner
Bastiat Economics Entry
March 5, 2012
The Benefits of Capitalism in America
Introduction
During the late 18th century, the United States was born, and the American Revolution was underway. The vital decision of choosing which type of government to use was on the forefront of the Framer’s, early leaders of the country, minds. Two groups, the Federalists and the Anti-Federalists, emerged with opposing viewpoints. The Federalists advocated a strong national government, while the Anti-Federalists supported less government involvement, putting more trust in the common man. Following the American Revolution, Federalists became increasingly unpopular and the American public was redefining republicanism to mean the control of the government by the common people (Bateman 178).
Thomas Jefferson, an Anti-Federalist, emerged as the representative of this movement, and a democratic republic began (Bateman 178). The populists, those who represented the general public, had a newfound hope and an optimistic outlook on the future of America. An important part of their optimism was derived from their belief that economic prosperity would flow from the initiative of common men such as …show more content…
It is also important to me as an American. The purpose of writing this paper is to look at American history and assess the benefits and costs of having capitalism as our economic system. I wish to go over the history and birth of capitalism, determine why American founders chose it, and accurately compare a capitalistic view of economics to other economics systems around the world. Lastly, I plan to discuss the “American dream,” the recent events that have started to thwart that dream, and what it will take to preserve that dream for future generations. American capitalism is the most effective economic system in