Which of the following statements correctly characterizes nationalization in the U.S.?
A) The U.S. does not ever follow a policy of nationalization because that would run counter to our capitalist economy.
B) The U.S. has a history of nationalization, much of which was temporary.
C) The U.S. has mostly nationalized industries, including Amtrak and the United States Postal Service.
D) In times of crisis, the U.S. government has nationalized certain industries and those industries have remained permanently nationalized for the protection of the workers and consumers.

Question

Quizplus · Accepted Answer

The U.S. has a history of nationalization, much of which was temporary. While nationalization is not a typical policy in the U.S. due to the capitalist nature of the economy, there have been instances where the government has nationalized industries such as during times of war or economic crisis. However, these nationalizations have typically been temporary and the industries have returned to private ownership once the crisis has passed. Examples of temporary nationalizations include the nationalization of the railroad industry during World War I and the nationalization of the airline industry after the 9/11 attacks. There are some industries that remain permanently nationalized, such as Amtrak and the United States Postal Service, but these are the exception rather than the rule.

Which of the Following Statements Correctly Characterizes Nationalization in the U.S