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.
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Economic competition among industrial nations.
Political and military competition, including the creation of a strong naval force.
A belief in the racial and cultural superiority of people of Anglo-Saxon descent.
Discovery of New Lands And Trade Routes.
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life liberty and the pursuit of happiness
Explanation:
Answer:
Daoists believed people should renounce wealth, power and ambition. They also rejected social structures, and formal codes of behavior. Daosits believed people should attune themselves to nature and the Dao, which is the eternal force that permeates everything in nature. Daoists opposed conflict and strife.
