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Lisa [10]
4 years ago
6

How can U.S. capitalist system be classified?

History
2 answers:
worty [1.4K]4 years ago
5 0
I think the answer is all of them
tatiyna4 years ago
4 0

Answer:

C. It had regulatory features of mixed economy is the correct option.

Explanation:

The US economy can be classified as mixed economy. It had characteristics of both Capitalism and socialism. In a mixed economy there is freedom in the use of capital and government can also intervene in economic activities. The government intervention is meant for public good. During course of history, in some periods, the US economy came closer to Free market economy. The mixed economic system contains the elements of both free market and centrally planned economy. In this the government can also used tax and subsidy for changing the prices in the market. In US government have partial control over the economy with regulatory restrictions.

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Marbury v. Madison was a judicial case resolved by the Supreme Court of the United States in 1803. It arose as a result of a political dispute following the presidential elections of 1800, in which Thomas Jefferson, who was a Democratic Republican, defeated then-President John Adams, who was a federalist. In the last days of the outgoing government of Adams, the Congress, dominated by the federalists, established a series of judicial positions, among them 42 justices the of peace for the District of Columbia. The Senate confirmed the appointments, the president signed them and the Secretary of State was in charge of sealing and delivering the appointment documents. In the last-minute hustle and bustle, the outgoing secretary of state did not deliver the minutes of appointment to four justices of the peace, including William Marbury.

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