6. Summing up Roosevelt (pp. 681–683) Note that in the election of 1908, Socialist Eugene Debs polled nearly half a million votes. Socialism was gaining wide popularity in Europe as an alternative to the excesses of
free-market capitalism. *** Under socialism,
(government, individuals, or corporations)
own(s) the "means of production" (like factories) and
(government, individuals, or
corporations) make(s) the key economic decisions about allocation of resources (like who makes how much of
what product). The authors sum up Roosevelt on p. 682 by saying that he was "the cowboy who started to
tame the bucking bronco of adolescent capitalism, thus ensuring it a long adult life." *** In your own words,
what do you think they mean by this metaphor? |