Since the latter part of the 19th century, the U.S. government has played an activist role in the financial markets and the market for goods and services. The emphasis of their role has varied over this time as different issues and dynamics were at the forefront of business and economic trends. The first phase of the U.S. government's active regulatory role, in the early part of the 20th century, can be best described as which of the following?
A) The cyberspace phase
B) The consumer protection phase
C) The protecting consumers phase
D) The antimonopoly phase
E) The industry deregulation phase
Correct Answer:
Verified
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