As you travel around the world, you will see that every nation is different. Their economies, views on certain topics, ways of life, freedoms, cultures, rights and responsibilities are all examples of some differing aspects of each separate place. The historical events of every nation creates its own story and is one of the main influencers for the current status of these nations. For instance, The Unites States of America and The USSR, or Soviet Union (Russia), are both powerful in many factors, but the citizenship and foundations of each country are completely contrastive. On the other hand, they do share a number of similarities. The main difference between the two is that the United States is a capitalistic nation, while the Soviet Union runs in a communistic way. Although the United States and the Soviet Union have different upbringings, they both came to be powerful nations around the globe.
First, what does communism mean? Communism is a form of socialism but more specifically, communism is “a system of social organization in which all economic and social activity is controlled by a totalitarian
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Next is Capitalism. What is capitalism? Capitalism is “the economic and social system (and also the mode of production) in which the means of production are predominantly privately owned and operated for profit, and distribution and exchange is in a mainly market economy. It is usually considered to involve the right of individuals and corporations to trade (using money) in goods, services, labor and land.”
Capitalism began to take control later on in the 1800’s. Finance companies had a large influence on the control and process of the industrial revolution. and the processes of production became underlying to the build up profits in a financial system. This is an example of early capitalism. Near the end of the 1800’s and