Capitalism In The 1950s

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Capitalism can generally be described as a system that helps the majority but exploits the minority. Even so, capitalism can be very helpful to the country in their own way. In the 1950s, capitalism mainly helped the country with economic growth. During the decade, the country was going through a major inflation as a result of World War II. Consumer demand and credit were increasing significantly, however the poor productivity of the industrial sector as a result of war could not keep up. Therefore the price levels had to increase to balance out the supply and the demand. Taxes in general also increased during the period: indirect and social security taxes doubled in the decade. (Cullip) However as the fifties allowed opportunity for the people to participate in a capitalistic society, firms and individuals faced incentives for growth through innovation and hard work. This helped increase real GDP and promoted higher living standards. (Cullip) This mindset helped to increase in their income to satisfy their and demands and be able to pay for the goods and services they wanted, people knew they had to be determined and dream. For that very reason, people knew they had to insert all they have to succeed in this capitalistic society. It creates unnecessary exhaustion, fatigue and stress. Willy Loman, for example, is suffering though the side effects of capitalism. He participates in a society which races against each other even though the “competition is maddening.” (Miller,
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