This is the first 1,000 characters of 526 words (2.1 pages) in the essay titled 20THCENTURY CAPITALISM
20TH-CENTURY CAPITALISM For most of the 20th century capitalism has been buffeted by wars, revolution, and depression. World War I brought revolution and a Marxist-based communism to Russia. The war also spawned the Nazi system in Germany, a malevolent mixture of capitalism and state socialism, brought together in a regime whose violence and expansionism eventually pushed the world into another major conflict. In the aftermath of World War II, Communist economic systems took hold in China and Eastern Europe. However, as the cold war came to an end in the 1980s and the former Soviet-bloc nations turned to free enterprise (though with mixed success at first), China was the only major power to retain a Marxist regime. Many of the developing nations, strongly influenced by Marxist ideas in the early postcolonial period, turned to a modified form of capitalism in their search for answers to economic problems.
In the industrial democracies of Western Europe and ...
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