Capitalism A Better Economic System For America Essay

Capitalism in American from 1860 into the Twenty-First Century; Recessions, Depressions, and Economic Booms Caren Chapman His 109 10/09/2015 The citizens of the United States of America experienced a plethora of economic rollercoasters throughout history. The minorities seemed to struggle the worst with racism and unemployment, but America was effected within every race, sex, and age group. Capitalism within our government has made several improvements throughout the years, but has also caused a fair share of problems. The United States has never witnessed a country ran by anything other than capitalism, yet our country has argued that communism could be a better economic system for America to run on. Capitalism allows our country freedom, and a government that owns production and sets the prices leads to a political control that extends to all areas and aspects of life. As goods are produced, capitalism ensures that these goods are the best and least expensive, which keeps business running. Opposed to communism, where everyone is considered â€Å"equal†, capitalism produces a system with a rippling effect-- which begins with the wealthier people. Another common argument is that the poor are mistreated, but with capitalism an individual’s gain is based on their own production. Rather than a rich or poor person being handed money to make them equal to the next person, people work and gain what they deserve. During the following research paper I will touch onShow MoreRelatedThe Rise Of Capitalism And Capitalism1711 Words   |  7 PagesThe Rise of Capitalism as a worldwide phenomenon Capitalism is one of the most commonly practiced economic systems in the world, and thus it is widely considered a global phenomenon. It is based upon the single objective of accumulating more and more wealth. 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