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Capitalism

Added Mar 01, 2015 •

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the term capitalism was ironically popularized by Karl Marx and 19th century however capitalism principles were laid out by Adam Smith and 1776 in history distinct into the nature and causes of The Wealth of Nations advocated a free market economy can you put into writing I've been happening for centuries human beings of long traded goods and services for money but it wasn't until the Crusades in the discovery of the new world that trade became business  which industrialization in the late 18th century good could be produced in Greater scale and it lower prices realism came of age most major characteristics one business to buyers and sellers control the economy three business owners and workers have free will to spend their money on what they desire and for government supervision is required true lazy Faire capitalism reached its Zenith the 19th century will regulation employer's take advantage of hours working conditions in the abusive child labor  with a smashing of monopolies and increased government intervention in the wake of the Great Depression capitalism was fundamentally changed in the 20th century economist John Maynard Keynes sought to eliminate the booms and busts of the economy however his theories could not prevent the catastrophic Busta 2008  the 2009 the unknown ideal of is it another Crossroads

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Capitalism

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