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.
Answer: The price of goods decreased, Northen American cities began to modernize and urbanize, the coast of manufacturing goods was reduced, communication and transportation improved across America.
Explanation:
All these phenomena represent the positive echoes of the Industrial Revolution. Due to greater availability and faster production, the price of many products has dropped. The industrialization has led to the modernization of cities. Industrial plants are located in the cities, so there has been an increase in population. The cost of production fell, machines produced faster and saved on materials. The Industrial Revolution encouraged the construction of the railroad, which was significant for the transportation of people and goods.
Answer: its actually D. A memember of the Federalist Party.
Explanation: i got it right in the assignment.
