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Capitalism in early America

were the first to be effected. They were no longer allowed to trade with the English and could not increase the prices on the few English items they still had. The Revolution was a direct social (and political) result of the economic system in place. Capitalism forced the colonist to grasp the entrepreneurial ideology and values. When the English attempted to tap into profits via taxes, the colonist became angry. Paines Common Sense, built upon that anger and gave a name to the social and political movement that was spreading: republicanism. The colonist realized that if the English controlled the wealth of the colonies, they also controlled the power. The result was a revolt. The Revolution allowed the Americans to break free from the economic grasp of the English. Problems began to develop in early America as a result of all the economic and social problems that come from an expanding marketplace and commerce. The new America needed a new constitution.The Constitution of the United States reflects the social changes cause by the emergence of capitalism in America. The newly developed America had established the Articles of Confederation but these articles created a weak national government and a strong local government. The Articles reflected the need of local societies to remain independent from an overpowering national government that could control their profits and power. The abolishment of 80% of debt by the local government, for example, was felt to be legal theft by certain members of society. The Constitution was formed to appease the same members of white society, since they were against the passage of such laws as the abolishment of debt. The Constitution was a reflection also of the attempt of Americans to protect themselves from any further outside control, through the establishment of foreign policy. Taking control of the American economy through domestic and international laws kept the Americans in control...

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