CAPITALISM

WHAT IS CAPITALISM?

Capitalism is an economic system and ideology based

upon private ownership of the means of production and
their operation for profit. Characteristic central to
capitalism include private property, capital accumulation,
wage labor, voluntary exchange, a price system and
competitive markets.
Prosperity, Invention, Opportunity & Optimism
Again!
Resources from the earth that are used to make
manufactured goods.
Production Communications Transportation
IMMIGRANTS
CAPITALISTS
 MANUFACTURES PRODUCE
WHAT THEY THINK CONSUMERS
WILL WANT TO BUY
PRIVATE PROPERTY – NOT OWNED
BY THE GOVERNMENT
MONEY LEFT OVER THAT CAN BE SPENT
IN ANY WAY THE MANUFACTURER OR
CONSUMER WANTS
Where do they get money from? What expenses do they have?
Where do they get money from? What expenses do they have?
WHAT ARE MANUFACTURERS COMPETING FOR?

WHAT ARE CONSUMERS COMPETING FOR?

THE GOVERNMENT
DOES NOT
INTERFERE IN
CAPITALISM IN ANY
WAY!
 THESE GUYS WON BIG PLAYING
LAISSEZ-FAIRE CAPITALISM

Andrew J.P. Morgan John D.

Carnegie Rockefeller