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\n185 - Capitalism - One Minute History\n

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\n\nPublisher:\n\nOne Minute History\n\n\n
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\nCapitalism is an economic system where private ownership of business, land, and labor is intended to promote natural economic growth and individual entrepreneurship. Scottish Economist Adam Smith wrote “the Wealth of Nations” in 1776, a...\nCapitalism is an economic system where private ownership of business, land, and labor is intended to promote natural economic growth and individual entrepreneurship. Scottish Economist Adam Smith wrote “the Wealth of Nations” in 1776, a book that praised free markets and prompted an era of private wealth and accumulation as a motivating factor to innovate. During the Industrial Revolution (1800s), Capitalism spread to much of Western Europe and the United States. However, this unchecked capitalism led to wealth inequality and harsh working conditions. (Early 1900s) As a counter to these disparities, labor movements formed and ideologies such as socialism and communism took hold in other parts of the world. The collapse of the Soviet Union in 1991 reinforced the beliefs of free market societies. Although there are many manifestations of Capitalism, the common criticisms include environmental sustainability, income inequality and the level of government regulation.\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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1:00
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nOne Minute History\n\n
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Date
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2024
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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capitalism, innovation, wealth, labor
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Additional Tags

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milei, javiermilei, mileismo, economicliberalism, politicalactivism, antiestablishment, freemarketadvocate, libertarianeconomics, economichistory, wealthcreation, entrepreneurship, globaltrade, marketeconomy, financialsystem, privateenterprise, corporateculture, economicgrowth, labormovement, tradehistory, freedomofspeech, mileimania, radicalindividualism, libertarianvoice, corporatepower, marketforces, privateownership, wealthaccumulation, economicempowerment, renuncien, hubofraude
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Classroom Considerations

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Best For: Explaining a topic
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