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Capitalism

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Who Created It? Why Did It Become Popular?

Traders in Amsterdam and London created the first chartered joint-stock companies driving up commerce and trade. The first stock exchanges and banking and insurance institutions were also established.


This economic system became popular because of it's association with economic wealth.

Why is it the best economic philosophy?

everyone has their own chance at success. everyone is free to make and do whatever they want.

What advantages does it have over the other two philosophies?

with capitalism comes choices, which could affect our health, freedom, being the best, and social standing.

Where can we find examples of this philosophy today? How is this philosophy still being followed?

In the United States, the form of capitalism is Democratic Capitalism. This type of capitalism speaks not only to the economic aspects of capitalism but to social, moral and political facets as well.
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