1. The American War of Independence in Washington, D.C. British colonial rule seriously hindered the development of American capitalism.

2. Emancipation Manifesto: Development of Capitalist Economy

3. 1929- 1933 Great Depression of Capitalism. Function: Reform has promoted the development of capitalist economy and avoided the emergence of fascism. It has created a form of state intervention in the economy.

4. Informatization and globalization

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