By the early twentieth century, British liberalism had abandoned laissez-faire in favor of governmental activism and social reform.

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This statement is true. During the early twentieth century, British liberalism shifted away from its traditional adherence to laissez-faire economics and began emphasizing the need for governmental intervention and social reform to address issues like poverty, inequality, and poor working conditions. This shift was driven by a growing recognition that unregulated markets and unchecked capitalism were not effective in addressing these problems, and that the state had a responsibility to intervene on behalf of the common welfare.

By the Early Twentieth Century, British Liberalism Had Abandoned Laissez-Faire