Agreed to demand Germany’s unconditional surrender and began plans for post-war world.
Capitalism is defined as a political system whereby ownership of private companies control their shares, rather than the government. They are run by self-interest and the market's competition to regulate the economy. The means of production are self-run by private companies, and so, they only take what they need, leaving the rest to the market.
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Several plans were introduced at the Constitutional Convention. The Virginia Plan, inspired by James Madison, proposed that both houses of the legislature would be determined proportionately. The lower house would be elected by the people, and the upper house would be elected by the lower house
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