The National Interstate and Defense Highways Act (Also known as Federal Highway Act of 1956), authorized the building of highways throughout the nation, which would be the biggest public works project in the nation's history.
Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.
Theory of Capitalism. Capitalism is a system of largely private ownership that is open to new ideas, new firms and new ownersâin short, to new capital. Capitalismâs rationale to proponents and critics alike has long been recognized to be its dynamism, that is, its innovations and, more subtly, its selectiveness in the innovations it tries out.