unit+2

unit 2 media type="custom" key="7126765" media type="custom" key="7245535"

Jacksonian America= key elements of jacksonian america
 * 1) government elected by the common citizen through less restrictions on voting rights
 * 2) opening up new lands for settlement by removing native americans
 * 3) decentralizing the banking system of the US by eliminating the national bank
 * 4) favored and represented equal opportunity in politics and economics for all white males
 * 5) decentralized government power but asserted the national supremacy
 * 6) spoils system used to appoint new political offices
 * 7) emergence and develpoment of the whig party

=﻿CAPITALISM IN AMERICA= FAVORS WHO EVER CONTROLS THE CAPITAL OR WEALTH capitalism is generally referred to as the free market economic system. capitalism as described by karl marx was that the people with the most capital made the most important economic decicions. often the phrase laissez-faire is used to decribe capitalism, laissez-faire meaning "leave to do" refers to the government staying out of the economics of the country and leaveing them to do what they want with out regulation. capitalism in america is very much about the free market and laissez-faire although we do have mant regulations on the economy. the government also has regulators that watch the economy for wrong doining. this may seem like a socialist idea because the politians are interfering with the economy but there are still many ways were the economy can get around these regulations and still do what the want. as for capitalism in america as karl marx described it, the richest people control the economy. they have the money, the know how and the influence to make the economy go the way they want it. one of the biggest reason why america has a capitalist economy is that americans are very fond of individual rights and not letting the goevernment control their individual choices. this led to the government not reguallting the economy as much as the socialist ccountries. in capitalism today in america the country is very dependant and focused around the banking system and the stock market. the stock market is an international market that trades everything that can be legally traded. stocks of companies, bonds, goods, and precious metals. these prices are not neccisarily accurate because they are often speculative. this can lead to spiratic price changes and market chrashes like the one resently. although there are regulations to stop the market from totally crashing like in the great depression the market can still greatly negatively affect the rest of the country. the crash or panic that happened recently from the failed banks is a strange situation. before the banks crashed the economic system was all for the government staying out of the economy because it was in their favor but once the economy failed they were the first to ask for a bailout. these bailouts were presented as the solution to restart the market and ultimately the economy outside of the stock market would soon follow this evidently has not happened as fast as exspected. basics of capitalism means of production = capital= money and goods based on owning things/capital privately owning not state controlled based on control by individuals and small groups instead of the governement class-based system- owners at the top workers below- whoevwer controls the capital has the most power supply and demand based


 * when means of production are controlled by the government = communism*

INVISIBLE HAND CAPITALIST THEORY the idea that the market self regulates. the idea that because everyone is trying to make money and businesses are competing so the economy will self regulate to the adapting demands and either create or diminish the supply of those goods. if no one wants it the economy will stop making it. the idea that no overseer needs to make these things happen the just do through a sort of economic darwinism. LAISSEZ FAIRE CAPITALISM the government leaves the economy alone

in america we do not practive laissez faire or free market capitalism purely. americans practice a mixed economy. there are elements of socialist ideas where the government takes some of the money and moves it around to aid some groups like social security, food stamps and unemployment. the government also regulates business through rules and taxes. (sometimes called welfare capitalism)

elements of the economy
 * government: rules, regulates, taxes welfare programs
 * industries/businesses
 * banks
 * consumers
 * workers/unions
 * investors
 * the stock market
 * school/education

economy: the system in which goods and services are produced and distributed in the hope to gain wealth. mr max "a system in which a group of people manages its resources, and produces and exchanges its goods, services and currency."
 * 1) Activities related to the production and distribution of goods and services in a particular geographic region.
 * 2) the system of production and distribution and consumption
 * 3) thrifty management; frugality in the expenditure or consumption of money, materials, etc.