Political and economic system that stresses individual right
This political system focuses on rights of an individual and encourages individual initiative, action, and interests.
The American Society encourages individualism because if you work hard enough or start your own buisness you can make money and become wealthy if your buisness flourishes. This is because of the person, not a government holding you down or assigning you to a job or class.
Bill Gates is a GREAT example of individual initiative. He founded Microsoft and made the MS-DOS in the mid-1980s. From there due to hard work Microsoft flourished into a multimillion corporation that was owned by the once richest man in the world. This, is individual initiative.