In the modern United States, capitalism is everywhere you look. But it wasn’t always that way. In the span of a few hundred years, a shift took place, moving the world away from local trade to a new system that is not only impersonal, but that reorganized our culture into a new kind of society—a market society. In this episode, Dr. Danielle Bainbridge discusses capitalism and how it has shaped the world we live in today.
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Chapters:
0:00 – Introduction
2:00 – Markets and Economic Systems
4:45 – Origin of American capitalism
7:01 – Land, transportation and information
8:47 – Cultural changes
9:24 – Conclusion
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Sources:
Corps, Terry. The Market Revolution: Jacksonian America, 1815-1846. Lanham, MD: Scarecrow Press, Inc., 2009.
John, Richard R. “The Wellspring of Democracy.” In Spreading the News: The American Postal System from Franklin to Morse, 206–56. Cambridge, MA: Harvard University Press, 1995.
Sellers, Charles. The Market Revolution: Jacksonian America, 1815-1846. New York, NY: Oxford University Press, 1991.
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