Money, equals “any article or substance” which can be used as a “medium of exchange, measure of wealth, or means of payment” . The distribution of goods and services can be accomplished in many ways. Distribution is often determined by the ideology and rules that governs each society. For capitalist and socialist societies, the basis for how the medium is exchanged differs greatly and has been a constant source of debate from the origination of these concepts. The United States is a bastion of capitalism where a free market is based on consumer demand which regulates, price, output and efficiency, but creates a class structure due to inequalities as an outcome. Several European countries are built on a socialist concept that equality is to
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Although it was not actually capitalism, the same sort of idea became more prevalent with the system of mercantilism in the early 16th and 17th century. Merchants could borrow money in order to create their products generating a structure involving resale and interest which seemed to work well for the time being . Shortly following this, an agricultural revolution began to stir up. The demand for farmed crops to feed the people at a low price increased quickly, and with it came new technology as well as more efficient ways to grow crops. This new revolution got the people excited as the mortality rates began to lower, the value of land gradually increased, and most importantly the evolution from bartering tactics to legal currency. As these methods aided countries in growth, people strived to expand their powers and wealth . The United States in the early 1800s was a relatively small player in the big game of expansion. The country always referred to itself as “neutral” when it came to aiding other countries. An unintended consequence of this neutrality appeared in Haiti during the Haitian Civil War around 1888. The United States decided to support the northern antigovernment forces in order to gain a naval base for themselves. Rather than keeping neutral, the US chose half the country over the other. Likewise in Hawaii, as soon as other countries found value in the islands, the US decided to heavily subsidize the country to gain political control over Hawaii and expand their powers. Through these actions created even more of a debacle between the capitalist and socialist groups, angering the socialists
Although it was not actually capitalism, the same sort of idea became more prevalent with the system of mercantilism in the early 16th and 17th century. Merchants could borrow money in order to create their products generating a structure involving resale and interest which seemed to work well for the time being . Shortly following this, an agricultural revolution began to stir up. The demand for farmed crops to feed the people at a low price increased quickly, and with it came new technology as well as more efficient ways to grow crops. This new revolution got the people excited as the mortality rates began to lower, the value of land gradually increased, and most importantly the evolution from bartering tactics to legal currency. As these methods aided countries in growth, people strived to expand their powers and wealth . The United States in the early 1800s was a relatively small player in the big game of expansion. The country always referred to itself as “neutral” when it came to aiding other countries. An unintended consequence of this neutrality appeared in Haiti during the Haitian Civil War around 1888. The United States decided to support the northern antigovernment forces in order to gain a naval base for themselves. Rather than keeping neutral, the US chose half the country over the other. Likewise in Hawaii, as soon as other countries found value in the islands, the US decided to heavily subsidize the country to gain political control over Hawaii and expand their powers. Through these actions created even more of a debacle between the capitalist and socialist groups, angering the socialists