This system was called the Capitalist System or Capitalism as we know it today
Explanation:
The basic principle of Capitalism is that every person has the right to invest and own their own business and generate profits for themselves. As long as the products and services being offered are legal.
Privacy property, job creation, a free-floating price system, accumulation of wealth and a competitive market are some characteristics of capitalism.
The United States government has long believed that free capitalism is the only way a country can prosper and provide opportunities for it's citizens
Economic changes that came during the Commercial Revolution include inflation due to the flood of gold and silver into Europe, the stock exchange, and what we recognize today as the modern banking system
The grandfather clause was widley used more by the southern states during the reconstruction and the jim crow era, were they would ask black voters to show their grandparent's aquired or granted rights; sometimes even asking to prove the ownership of said granparent over a piece of land with a property title
During WWI (1914-1918), large numbers of women were recruited into jobs vacated by men who had gone to fight in the war. New jobs were also created as part of the war effort, for example in munitions factories.
