1. Define: capitalism, communism, socialism, and free enterprise, democratic

2 answers:

8 0

Capitalism, a economic/ political system which has he country’s trade and industry is rather controlled by private owners for the profit.
Communism, a social, political and economic movement where the ultimate aim is to establish the communist society. This is based on the shared ownership with the factors of production but without social class, money, or state.
Socialism, economic/ political theory of a social organization that has the means of production, distribution, and the exchange that should be owned or regulated by the community as a whole
Free Enterprise, when the private business is in an operation of competition and is free from state control
Democratic Socialism, a left-winged political philosophy who supports political democracy within a socially owned economy but having a particular emphasis on economic democracy
Privatize, transferring a business, industry, or services from public private ownership
Social Insurance, a concept from which is he government can intervene in a the insurance to be protected from any problems that could’ve lead to financial problems

julsineya [31]3 years ago

5 0

Privatise is transfer a business from public to private ownership and control.

Social insurance is a concept where the government intervenes in the insurance market to ensure that a group of individuals are insured or protected against the risk of any emergencies that lead to financial problems.

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Answer:

The north had more people than the south during this time, so the south saw it as unfair because the north would receive more representatives in the house of representatives than the south, resulting in more votes for the north. So the 3/5 compromise was made to count 3/5 of the slaves so the south could receive more representatives in the house of representatives.

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Why were people able to spend money on entertainment?

Andrews [41]

In the period after the Civil War to the turn of the century, Americans were able to spend money on entertainment as a results of rising standards of living owning to industrialization.

After the Civil War, America entered into a period of prosperity where industrialization grew at a massive pace.

This led to:

An increase in the population of urban areas
A general rise in standard of living thanks to wages and salaries

Thanks to being able to earn income and their standard of living rising, Americans were able to spend on entertainment such as sports and social clubs.

In conclusion, industrialization brought about a rise in standards of living that allowed for Americans to spend on entertainment.

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