Capitalism was important in America due to the idea that we needed to break away from the power and control of a government run by a few, or at that time the monarchy in England.  Private industry was pushed and less federal government control was needed to separate ourselves from the previously known system in England which is where most of America’s forefathers came from.  Back then it might have seemed like a great idea, capitalism to lessen the power of the elite and give power back to the people.

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