Is Catholic Social Theory Capitalistic? - North American Business
Chapter IV The Development of American Economy 1.Politics: (1). Stable constitution and federal...
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Transcript of Chapter IV The Development of American Economy 1.Politics: (1). Stable constitution and federal...
![Page 1: Chapter IV The Development of American Economy 1.Politics: (1). Stable constitution and federal system (2).wars: 1775-83,1861-65:capitalistic economy:](https://reader036.fdocuments.in/reader036/viewer/2022083009/5697bfc01a28abf838ca37b0/html5/thumbnails/1.jpg)
Chapter IV The Development of American Economy
• 1.Politics:
• (1). Stable constitution and federal system
• (2).wars: 1775-83,1861-65:capitalistic economy: private enterprise,profit; competition;productivity.
• (3).Aggression and expansion
Analysis of strong American economy
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• 2.geographic factors.
• 3.science and technology revolutions.
• 4.immigrants.
• 5.westward movement and its spirit.
• dream of getting rich,entrepreneur.
• 6.labor union.
• 7.knowledge and role of high technology
![Page 3: Chapter IV The Development of American Economy 1.Politics: (1). Stable constitution and federal system (2).wars: 1775-83,1861-65:capitalistic economy:](https://reader036.fdocuments.in/reader036/viewer/2022083009/5697bfc01a28abf838ca37b0/html5/thumbnails/3.jpg)
History of American Economy
• 1.laissez faire
• 2.stock ownership
• 3. The Gilded Age:
1870s and 1880s: corruption,greediness.
• 4.John Keynes
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2.American agriculture and industry.
• Midwest: most important agriculture region: corn belt and wheat belt.