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Socialism
is a type of economic system, a political movement, and a
social theory. is based on the idea that governments should own and
control a nation's resources rather than individuals.
was first used to describe opposition to the free enterprise
and market economies. The Industrial Revolution was the cause of many social
problems. Long work hours, low pay, and poor working conditions caused
Americans to first consider socialism. With government involvement in business,
fairer treatment for all was feasible. Most countries today have socialist
parties, many have socialist governments, and others who are in between have
adopt ....
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