American Capitalism Essay -- Economics Politics

American Capitalism Capitalism - An economic and governmental system in which a countrys trade and industry are controlled by private owners for profit, rather than by the state. America was an ideal breeding plant for capitalism, a relatively new country, in need of young entrepreneurs to part with start its already buoyant economy. The country was an ideal place to rent rich quick, an idea that inspired the immigrants that poured into it each year. In America it seemed you could magic spell your rags to riches in no time at only. Its this idea that render the American Dream Capitalism was motivated in the 20s by the republican government. They believed in non-interference or laissez faire, the policy of letting businesses regulate themselves and to have each caps in how far or how much they go. The government thought that business community could work best in a climate made by themselves, not coordinated by the government. Americans believed i n rugged individualism, the fact that anyone could brace a fortune if they put in enough hard graft. Republicans helped American capitalism prospering by introducing tariff barriers, making it that all goods glide path from abroad had to taxed heavily before entering the country, meaning that prices in the regular army for those products raised so the foreign companies could still introduce a profit. When presented with two items of similar quality, one with ultra-inflated prices from England, and one with a cheap price from America, its possible that a normal person would choose the cheap American family line brand product. By doing this Republicans helped the idea of American capitalism to prosper. As healthy as being the ... ... towering monolith such as this falls, its going to make a sizable dent. It triggered off the great depression, people lost all their money, all jobs were stopped, property was taken away and life became a incubus to a ll involved. Of course, some people survived relatively unscathed, but, as normal, those people were the rich. The hale concept of an American trance could have worked if the country had taken their time, earn that there was no rush, if companies had expanded slowly and if people hadnt been so implicated in the stock market. Of course all these problems came from the idea of an American ambition and people, being only human, are selfish and want to have more money, and more money is what is offered in a system of capitalism. The American dream soon turned sour and turned into an American nightmare.