In this course, Abby studied the benefits of an economy based on capitalism, in that individuals calculate risk, identify openings in the free market, and provide services or goods to fill that opening and/or need. With minimum government intervention at the State or Federal level beyond enforcing laws that uphold contracts and preventing the infringement of Americans’ rights, capitalism is one of the most viable economic systems for people to find prosperity.

To Summarize: The Great Expansion started in the early 1800s with the establishment of capitalism in America. Since then, people worldwide have seen a skyrocketing increase in average wages, comfort of living, life expectancy, and children.