They were mainly agriculture based and slavery was free labor.
President Lyndon B. President of Vietnam
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Baton Rouge, Louisiana, U.S. Huey Pierce Long Jr. (August 30, 1893 – September 10, 1935), byname "The Kingfish", was an American politician who served as the 40th governor of Louisiana from 1928 to 1932 and as a member of the United States Senate from 1932 until his assassination in 1935. Roosevelt incorporated some of Long’s Share Our Wealth initiatives into his New Deal to ensure Long’s efforts did not undo it – and to undercut Long’s popular support as he began to move towards a presidential bid.
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The more fundamental reason I believe capitalism is speculative and inherently unstable is that the money on which it is based is speculative as well. Contrary to what socialists claim, capitalism, with all of its flaws, is the preferred economic system for lifting the masses out of poverty and transforming them into productive citizens in our country and around the world.
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