Capitalism Dbq Essay

Directions: Refer to the Writing Prompt Task Sheet for details and information to include.
Essay Prompt: What political and economic factors influence societies to make policy choices for their nations?

As capitalism is part of modern society of the United States, and socialism is not, why is it that these two different beliefs came and constructed the way people live? Capitalism is the belief that the marketplace should not be controlled under government and that it runs by the “invisible hand”. In which the government cannot stop, for the only way power grows is from business and companies. The belief of socialism is rather the complete opposite, but government is still mentioned. The power goes to government, but they give and distribute

Such as capitalism led by “an invisible hand”, that can be seen as a bad idea of how the country should be runned. Where middle and higher class are paid greatly based on the companies and business that’s being runned, where in the other hand, the lower class are within the minimum wage in low businesses or factories. Several people could go homeless, based on their decisions to work harder for themselves or their loved ones. However, in this belief there is social mobility, which means it’s possible to go from low class to high class once that person works hard enough to get to where they want to be. In this labor, there are possibilities in capitalism, there is growth. Though, there is differences, and that this could only benefit the wealthy instead of the poor. “According to this liberal and generous system, therefore, the most advantageous method in which a landed nation can raise up artificers (craftsmen), manufacturers, and merchants of its own, is to grant the most perfect freedom of trade to artificers, manufacturers and merchants of all nations”(Doc 3 Smith). How is that socialism can benefit the poor, as it is the complete

““Above all, [the government]... will have to take control of industry and of all the branches of production It will... abolish competition....Private property must therefore be abolished”(Doc 2 Engles and Marx). For no one should be private, or in too much power, it is best for everyone to live and be treated equally. Government has complete control of the economy system in socialism, because there will be no up rise in dictatorship. This perspective of life in socialism can be very interesting but very odd. It benefits the poor significantly, as no one is different, and that everyone is equal in this belief of the economy. However, there would be no growth because of no classes and social mobility, and in some other ways, factory workers could start a revolution. Yet, it’s best to do equal work rather than no work and suddenly become homeless. Capitalism differs from this belief very heavily, and this is believed to be an effective way of how people should