In french 2 book 1 uploaded by jeffrey archer reading this kind of capitalism wealth creation in america in french 2 book 1 will provide you more than people admire it will guide to know more than the people staring at you since the start of the 2000s historians have renewed their interest in capitalism two harvard professors observe kind of. Capitalist america boasted industry manufacturing and wealth rivalling that of the european great powers us economic growth in the second half of the 1800s had been the fastest in its history generating significant increases in production wages and personal wealth the two world wars were costly for the us but they also invigorated its economy and strengthened its place as the world . In fact the central theme of the book is that the history of american capitalism is a story of creative destruction that is to say that the creativity of innovation technology and competition results in greater economic productivity and therefore greater wealth but this entails the destruction of certain professions businesses and communities they argue that the two go hand in hand . In the united states the richest 1 percent of americans own 40 percent of the countrys wealth while a larger share of working age people 18 65 live in poverty than in any other nation . These basic components express the built in wealth transfer system of capitalism in some ways job creation as well is ultimately one big wealth transfer employers hiring workers who spend
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