Introduction to CapitalismMr. Geib and Mr. Fitz-Patrick12th
Grade Economics
History of WealthMercantilismGovernment directed economic
activityCommand EconomyTop downAdam SmithThe invisible hand of
self-interestGet the government out of the way, and let many many
individuals make their own financial decisionsMarket economyBottom
up
Adam Smith and The Wealth of Nations
THE INVISIBLE HAND
Banks, business people, products, and the markets where they
meet and increase the wealth of the nation.
CAPITALISMThe accretion of wealth through capitalBanks take
capital, and they make that money available to others Investment
and interest ratesGrowth over time through building a businessBanks
as engines of economic growthIncredible global economic growth over
past century!Wall Street financial markets in New York City.
