Question

Which statement best summarizes both the rise of capitalism and growing criticism of the system during the 19th century?

Answer 1

The correct answer is C) Capitalism developed as an alternative to inefficient mercantilist policies, but it drew criticism for increasing the gap between the rich and poor.

Mercantilism and capitalism are two very different economic systems. Mercantilism is a system which relies on one country developing a favorable balance of trade and obtaining valuable resources from a colony. This was the system used when America was still controlled by Great Britain.

As America gained independence, they focused on developing a more capitalist society. This society is based on individual freedom, as citizens can decide what they buy. Along with this, American businesses and citizens are not forced to trade with one specific country.