Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Slaveholders, the cliometricians argued, were capitalists for two reasons. First, their slaves were hugely productive and earned them a great profit. Second, they were in tune with the market and responded to its mechanisms. With these arguments, the cliometricians stand out as a notable group that considers slavery a form of capitalism.
I can find two of the three sorry
They became more alike since there were more free African Americans around!
Answer:
What does Truman mean when he claims, “Should we fail to aid Greece and Turkey in this fateful hour, the effect will be far reaching to the West as well as to the East”? ... He says the Greek state is threatened by terrorists led by the communists.
Explanation:
He Was in Disagreement with the new Articles of Confederation
You would be considered a Creole, the second highest position on the Spanish colonial social pyramid.
