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Joseph Kaminski

History, Sociology, & More

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June 25, 2018

oil

Capitalism

Infrastructure, Transportation, and Mechanization: The Creative Destruction of the American System

From the period of 1790 – 2000, the United States had gone through a process of creative destruction, which essentially is the economic materialistic perspective of witnessing one way of life collapse in favor for a newer ideal. Joseph Schumpeter, author of Capitalism, Socialism, and Democracy, defined creative destruction as a “process of industrial mutation”,