Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Slaveholders, the cliometricians argued, were capitalists for two reasons. First, their slaves were hugely productive and earned them a great profit. Second, they were in tune with the market and responded to its mechanisms. With these arguments, the cliometricians stand out as a notable group that considers slavery a form of capitalism.
I can find two of the three sorry
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The United States believed expansion would benefit other countries, not exploit them. The United States decided to try to build a canal across Panama instead of Nicaragua because: the land was less expensive and offered a shorter route. How did the weather affect the building of the Panama Canal?
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The Revolutions of 1989 formed part of a revolutionary wave in the late 1980s and early 1990s that resulted in the end of communist rule in Central and Eastern Europe and beyond. ... Romania was the only Eastern Bloc country whose citizens overthrew its Communist regime violently.