Throughout human history, governments and societies have been shaped through the use of economic systems such as Capitalism, Socialism, and Communism. During the time of Feudalism, societies rebelled against monarchies, rid monarchies of power, and developed new economic systems. These new economic systems were based on what the changing world needed to become a utopian society; free of problems such as crime and poverty. As new economic systems emerged in the late 1700s and 1900, dominant governments, such as, Capitalism, Socialism, and Communism often fell into direct conflict and influenced the world’s political systems for the better. Capitalism; an economic system in which allowed all citizens the right to claim ownership of a private
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Socialism evolved from abusive Capitalism through the idea that many workers were treated horribly during the start of Capitalism, therefore, causing people to adopt the socialist idea. From the idea of Socialism, sparked the idea called Utilitarianism; this idea wanted “greater happiness for the greatest number” and supported the idea of individual freedom. The socialist idea valued that their were not any ownership instead the workers of the building owned the building. Workers in Socialism would go on to own entire farms, railways, and other businesses and supporters of Socialism believed in the basic goodness of people. This was appealing idea to many by how it gave everyone the opportunity to own something and there would not be people of higher ranking among …show more content…
Capitalism allowed for private ownership while Communism did not allow private ownership instead allowed public ownership. This can cause supporters of each group to argue, maybe violently, that one is better than the other. The system that I like best is Capitalism. I prefer this system over Communism by how it allowed people to privately own properties and make a profit due to investments. In the near future, I believe that Communism will become abolished as a whole and Capitalism will become the dominant system for the
Socialism evolved from abusive Capitalism through the idea that many workers were treated horribly during the start of Capitalism, therefore, causing people to adopt the socialist idea. From the idea of Socialism, sparked the idea called Utilitarianism; this idea wanted “greater happiness for the greatest number” and supported the idea of individual freedom. The socialist idea valued that their were not any ownership instead the workers of the building owned the building. Workers in Socialism would go on to own entire farms, railways, and other businesses and supporters of Socialism believed in the basic goodness of people. This was appealing idea to many by how it gave everyone the opportunity to own something and there would not be people of higher ranking among …show more content…
Capitalism allowed for private ownership while Communism did not allow private ownership instead allowed public ownership. This can cause supporters of each group to argue, maybe violently, that one is better than the other. The system that I like best is Capitalism. I prefer this system over Communism by how it allowed people to privately own properties and make a profit due to investments. In the near future, I believe that Communism will become abolished as a whole and Capitalism will become the dominant system for the