The new rationale for capitalism in the late nineteenth century rested on an older ideology of individualism.

Question

Quizplus · Accepted Answer

The new rationale for capitalism in the late nineteenth century was based on the ideology of individualism, which had roots in classical liberalism and Enlightenment thought. This ideology emphasized the importance of individual liberty, economic freedom, and private property rights as the basis for a prosperous society. Therefore, the statement is true.

The New Rationale for Capitalism in the Late Nineteenth Century