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Cost Of Economic Freedom

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The essence of the economic and religious liberties that Americans enjoy is the gift of freedom. James Truslow Adams describes the “American dream” best when he says, "life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement...regardless of the fortuitous circumstances of birth or position.” Under the Constitution, the liberties that every citizen obtains are protected. Under the Declaration of Independence, every human has inalienable rights, “life, liberty, and the pursuit of happiness,” which were given by their Creator and for which governments are formed to protect. Along with acquiring freedom, economic freedom is also established in order for people to have the ability to …show more content…

Americans were soon able to realize the greatest personal and national wealth in history. By gaining economic freedom, individual political freedom was also established. The government was able to decide on its own individual currency as well as deciding on taxes and controlling the buying and selling of items. The United States was one of the first free trade areas in the world. With growing industry, sellers were able to compete with each other, which was a great advantage for the consumer, and allowed for the best possible quality and price. By having a wide range of markets, the United States economy is able to grow and prosper. By having the government lower the tariffs on imported goods, competition was able to last as well as spread to other parts of the world to help the global economy. Religious freedoms were established since the Founding Fathers were many different religions, they decided that it would be best if the government kept out of religious affairs. By establishing religious freedoms, the United States was able to do what many countries could not do- stay united despite the differences of

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