Capitalism Dbq Essay

Directions: Refer to the Writing Prompt Task Sheet for details and information to include.
Essay Prompt: What political and economic factors influence societies to make policy
choices for their nations?

As capitalism is part of modern society of the United States, and socialism is not, why is it that these two different beliefs came and constructed the way people live? Capitalism is the belief that the marketplace should not be controlled under government and that it runs by the “invisible hand”. In which the government cannot stop, for the only way power grows is from business and companies. The belief of socialism is rather the complete opposite, but government is still mentioned. The power goes to government, but they give and distribute

wealth to the people evenly, including rights, wages, insurances, and etc. These two beliefs tie in to the economic system as they both are part in the amount and value of money, resources, and production of a nation. In the United States, it’s economical system is influenced by capitalism, rather than socialism. What if socialism was mainly used in the United states? How would it change their economic factors that influence policy decisions?
In some cases and ways that influence economic factors that impact policy decision making or “rules” are the consumption of products, “The sole purpose of all production is to provide the best possible goods to the consumer at the lowest possible price” (Doc 3 Smith).

Such as capitalism led by “an invisible hand”, that can be seen as a bad idea of how the country should be runned. Where middle and higher class are paid greatly based on the companies and business that’s being runned, where in the other hand, the lower class are within the minimum wage in low businesses or factories. Several people could go homeless, based on their decisions to work harder for themselves or their loved ones. However, in this belief there is social mobility, which means it’s possible to go from low class to high class once that person works hard enough to get to where they want to be. In this labor, there are possibilities in capitalism, there is growth. Though, there is differences, and that this could only benefit the wealthy instead of the poor. “According to this liberal and generous system, therefore, the most advantageous method in which a landed nation can raise up artificers (craftsmen), manufacturers, and merchants of its own, is to grant the most perfect freedom of trade to artificers, manufacturers and merchants of all nations”(Doc 3 Smith). How is that socialism can benefit the poor, as it is the complete

opposite?
Socialism is the belief mostly opposite to capitalism, it’s quite beneficial and a better way for people to live in prosper.

““Above all, [the government]... will have to take control of industry and of all the branches of production It will... abolish competition....Private property must therefore be abolished”(Doc 2 Engles and Marx). For no one should be private, or in too much power, it is best for everyone to live and be treated equally. Government has complete control of the economy system in socialism, because there will be no up rise in dictatorship. This perspective of life in socialism can be very interesting but very odd. It benefits the poor significantly, as no one is different, and that everyone is equal in this belief of the economy. However, there would be no growth because of no classes and social mobility, and in some other ways, factory workers could start a revolution. Yet, it’s best to do equal work rather than no work and suddenly become homeless. Capitalism differs from this belief very heavily, and this is believed to be an effective way of how people should

live.
The way that people should live in society, should be fair, maybe evenly but mostly fair. What does it mean to be fair? Fair as in, a socialist society where as everyone gets the most important needs such as insurance, food, essentials, a house, and a job. However, a combination between socialism and capitalism would be an effective use in society. Where people can get paid for how much they work and what work they do to improve the future of society. The marketplace would keep a price that remains the same for everyone, cause no one would have to worry about debts as much, because everyone who works gets paid while being able to pay something viable. If socialism was mostly used in the United States, it’d be very different from current capitalist ideas of the United States. Where dominating companies and industries would be no different from a fast food restaurant, and everyone is evenly paid in wealth. Although, there should be an increase in food, pay, housing, insurance, and etc, in order for everyone to move up in wealth and safety together rather than just do the same thing over and over. This is a different kind of socialism, whereas everyone in society can work up together without the worries of debts and jobs.
In a way, this essay supports socialism, because everyone should be treated equally with their natural rights as a human being. If socialism was mainly used in the United States, it would make a distinctive and major difference to the future of the rest of the years to come. Many would disagree, but there are very complicated situations that deal with families, homeowners, and jobs going out of business and putting these jobless people under the poverty line. This is the only way for socialism to help these people, all over the world maybe, but debt has been something that everyone has to pay. Let’s have everyone pay that together and rid the boulders off people’s shoulders of what their doing, and should be focusing on their way of life. These economic factors affect people’s live so willingly, there would be an inverse rate of advantages in society. This give a chance for society to succeed as one, rather than have differences in power and wealth. What if socialism was implemented or replaced capitalism for the United States, or other countries. How would the people of humanity persist of joining together as one based on these two economic systems, on one planet?