In the State of the Union Address the President of the United States promised to improve the faltering economy, to increase the amount of federal fundingavailable for art programs, and B. promised to lower taxes on public sector workers.
Capitalism: is an economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit.
(Basically Capitalism referred to people who believed that the government should not interfere with businesses)
Socialism: the factors of production are owned by the public and operate for the welfare of all.
The main difference between the two was that in capitalism, business owners wanted to run everything themselves. They didn't want help from the government at all. Socialism was when the people wanted "some government" involved within the businesses. In summary, the main difference is the amount of government that was allowed to take over in a business.
B. The decision of the case
Under the Treaty of Paris, Britain acquired present-day Quebec, Cape Breton Island, the Great Lakes basin, and the Japanese financial institution of the Mississippi River. France was allowed to regain possession of Guadeloupe, which Britain had briefly occupied at some point of the war.
