Unit+2

Federalists vs. Anti federalists vs. Republicans
media type="custom" key="7132285"

Thomas Jefferson's Presidency Presentation
media type="custom" key="7245775"

Jacksonian America

 * westward expansion
 * relocation of native americans
 * 1828(took office in 1829) 2 terms until 1836
 * lessening voting restrictions (expansion) "democratization"
 * end of the bank of US
 * second party system (Whigs vs. democrats
 * rejected the nullification crisis
 * distribution act
 * expansion of opportunity
 * he opposed it because:
 * 1) it was concentration of power (economic affairs)
 * 2) not everyone will get opportunities
 * 3) banks control all money, loans, money policies
 * 4) bans control how the money circulates
 * 5) bank controls all other banks because of power
 * 6) bias - in favor of northern elite

Capitalism in America
economy-i think economy is a system in which how money runs through a country -system by which a group of people organizes its resources, labor, production, goods and currency. web definition-the system of production and distribution and consumption America practices a mixed economy - combines elements of capitalism and socialism - sometimes referred to as Welfare capitalism
 * economic system based off private ownership (small group of people) who make big profit and capitol, money made that is kept privately
 * businesses are owned privately not by govt
 * competition- businesses compete for more capitol( profit and property and control)
 * free market system - little govt intervention (govt not that involved in economy)
 * how much should the govt be involves in economy? laissez faire- to let to, hands off
 * based off people's individual rights
 * big businesses in America make the most money and are in control (in govt)
 * mixed economy (government + business enterprises)
 * -capitalism creates poverty because it is sort of like social Darwinism (failure and success) but succeed rather than survive
 * Elements of the Economy - consumer dollars, workers/unions, means of production, businesses, banks, govt rules +regulations
 * in communism the govt controls the means of production, not private businesses (opposite of capitalism)
 * some of the core principles come from Adam Smith's book the Wealth of Nations 1776. He argued for free markets, little got intervention, "invisible hand" which is "the free market being self regulated" because of 3 principles;
 * 1) -self interest
 * 2) -competition
 * 3) -laws of supply and demand:
 * -how much people want and need,
 * -how much is being produced and sold
 * unemployment benefits
 * social security
 * bailing out banks (bankrupt which caused the recession)
 * food stamps
 * govt taxes individuals and businesses
 * govt regulates business, trade, minimum wage
 * income taxes

My opinion of capitalism is that it works out for a country like America because it was a country created for freedom and opportunity. Capitalism causes you to either succeed or fail ion life and it is all done on your own. the government doesn't control it, individual people do. Capitalism has its faults, but in the end i think it's fair/ You get opportunity, but if you waste it, you lose. I f you take those opportunities, you have a chance at winning. Neither of these are guaranteed. Other systems of economy are very controlled like communism which is all all about equality. But I think that people can be considered equal in theory, but that;'s not how the world works due to humanity which is why capitalism makes more sense in American economy.