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<u><em>Mixed capitalism
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It refers to an economic model that uses the market to allocate resources, but in which the State intervenes to regulate its operation, incorporates elements of the free market economy and the planned economy, or a proposal in which property coexists deprived of capitalism and the collective property of socialism (in general, and not exclusively, state or public) in order to include broader social considerations in an economic system, for example, ethics, social justice, social welfare, sustainable management of environment, etc.
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America's rich and varied natural resources played a key role in the rise of big business. The nation's abundant water supply helped power the industrial machines. Forests provided timber for construction and wooden products. Miners took large quantities of coal and iron ore from the ground.
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National Culture led to the infatuation of heroes in America by<em> influencing people in the form of movies, arts and write-ups. </em>
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"National Culture" <em>refers to values, characteristics, beliefs, customs, etc. that people in a nation normally follows.</em> It becomes a standard that people share all-together. <u>It plays a vital role in shaping the nation, thus it influences the citizens in many ways.</u>
One of which, is the <em>infatuation of heroes in America. </em>This could either be the classic heroes or the modern fictional heroes. It is probably in the 1920s that America became more concerned about having a national identity, since it was during this time that movies, artists and writers became very popular. The influence of these elements greatly affected the country's national culture. For example, in the film industry, heroes were given priority. Audiences were smitten by the existence of heroes in America. This became a norm that influenced a national stereotype that "heroes are always good" and people greatly believed in it.
Such formation had a huge impact on the culture of America.
