Endoresment of Capitalism

The economic system of early America, known as the American System, provided a system for growth and prosperity. High tariffs on imports protected American Industries from cheap foreign goods and promoted use of it’s own resources and to be self-sufficient. During this period the United States grew to be the worlds largest economy with the worlds highest standard of living. History reveals that no other economic philosophy would have accomplished what our forefathers envisioned, nor would any other system have been compatible with our Constitution. A capitalist system is the only system that will insure continued freedom and liberty to exist in America.