Resumen de Capitalism and Socialism in the Emergence of Modern America: The Formative Era, 1890-1916
The period 1890-1916 marked the rise and early development of corporate capitalism as the dominant property-production system or mode of production in the political-economic history of the United States. The rise of corporate capitalism in the late nineteenth and early twentieth centuries may therefore be understood as representing the early phases of a sociopolitical reconstruction of American society based upon a hybrid of capitalism and socialism in a liberal democracy. The strengthening of socialist tendencies in modern times has corresponded in the United States with capitalist industrialization. Corporate enterprise represented a shift from individual-proprietary to associational forms of property ownership, and hence a transformation of property relations in substance as well. Large corporate enterprise exerted a huge and varied impact not only on its own immediate personnel, but on innumerable persons and whole communities outside it. Theodore Roosevelt viewed large corporations as technologically and economically progressive, although in need of governmental supervision to make them socially accountable.
