The leader of the House is the Speaker of the House. The Speaker is a House member who is elected by the other representatives. In the Senate, the official leader is the president of the Senate, which is a title held by the vice president of the United States. However, because this role is mostly ceremonial, the true power in the Senate is held by the majority leader.
Although the two economic systems are based on the law of supply and demand, these systems are different. Capitalism is an economic system based on ownership of the factors of production. ... On the other hand, a private owner in a capitalist system can have a monopoly on the market and prevent free competition.
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The Industrial Revolution began in Britain in the late 1700s and had spread to other countries at the time, like America. People like Thomas Newcomen, Richard Arkwright, Samuel Crompton, Edmund Cartwright and James Watt. Invented machines that brought forward the Industrial revolution. Textiles were the leading industry of the Industrial Revolution, and mechanized factories, powered by a central water wheel or steam engine, were the new workplace. The impact of changing the way items were manufactured had a wide reach that affected many industries in the Industrial Revolution, such as textile manufacturing, mining, glass making, and agriculture which had all undergone changes.
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