<span>overdemand in relation to supply; lack of refined oil; oil speculations; and <span>decreased production by OPEC. </span></span>
One of the primary ideals of capitalism in the United states is Private ownership
<h3>What is Capitalism ?</h3>
Capitalism refers to an economic and political system in which a country's trade and industry are firmly controlled by private owners for profit, rather than by the state.
The ideals of Capitalism is anchored in private ownership and hence, the factors of production are controlled by the private sector.
One major characteristic of Capitalism is that the private sector controls the factors of production for the sole aim of making profit.
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<span>According
to Reagan, economic policies could cause war and a rise in inflation which
would result in the economy collapsing. Despite those opinions, he claims that
it did more help than harm by bringing about the longest peacetime expansion in
the history of the country. For instance, real family income up, the poverty
rate dropped, entrepreneurship boomed, and new technologies boomed.</span>
He served in being one of the first people to travel the silk roads
Answer: It ended on the Chicago river down in the bottom swamp part