Question

The United States supported a system that allowed American buisness owners to fund, build, and profit from factories in the nation. This system was called the ___ system.

Answer 1

Answer:

Factory system.

Explanation:

The factory system is a system originally from the Industrial Revolution era. This system allows manufacturers to not only produce goods but also fud, build and reap the profits as well as suffer the loss, whatever results from their efforts.

In this system, entrepreneurs or business owners are given permission to build factories and hire workers, producing goods and distributing them to the market. Not only that, it greatly helped in reducing the various problems arising from the domestic system where business owners had to provide raw materials to various homes to produce goods. In factories, workers will work in a specific place and produce goods there, eliminating the need for a collective workspace.

This system also meant the owners had to reap the profits or suffer the loss incurred, whatever comes.

Thus, the correct answer is the factory system.