During the recent recession,the administrations of Presidents George W.Bush and Barack Obama flooded several banking,financial services,and insurance firms with government funds in exchange at least temporarily)for government ownership rights.The unprecedented move signaled the government's concern that the global banking system might collapse if these firms ended up in bankruptcy.The decision for active government involvement in the operations of these firms demonstrates:
A)The unforgiving nature of capitalism.
B)The desire for more individuals in the U.S.to live under a socialist system.
C)The trend toward mostly capitalist nations to move toward socialism.
D)The freedoms the U.S.government has under capitalism.

Question

Quizplus · Accepted Answer

The government's decision for active involvement in private firms' operations during the recession signaled a trend towards mostly capitalist nations moving towards socialism. This move goes against the traditional principles of capitalism, showing a shift towards government intervention and regulation in the economy.

During the Recent Recession,the Administrations of Presidents George W