Matt Copeland 3B

Creation and Spread

Capitalism was fathered by English philosopher Adam Smith. He believed that Governments should take a "Hands Off" approach to economies and let free market competition determine the economy. Smith's ideas were adopted by many countries including the United States. His views spread because they were popular with business owners and were often successful.

The United States

Like Communism, no true examples of Capitalism exist today. Many "Capitalistic" countries have more of a mixed economy. However, the truest example would have to be the United States during its earliest years as a country. The leaders of the U.S. strictly believed in the system and instituted it into the economy.