A notable movement in the direction of deregulation of industry in the United States occurred during
A) the 1930s.
B) World War II.
C) the late 1940s and early 1950s.
D) the early 1960s.
E) the late 1970s and early 1980s.

Question

Quizplus · Accepted Answer

The late 1970s and early 1980s saw a notable movement towards deregulation of industry in the United States, with the lifting of many restrictions on banking, transportation, energy, and telecommunications industries. This was largely due to the influence of neoliberal economic theory and the belief that market forces should be allowed to operate with minimal government intervention. This led to the dismantling of many regulatory agencies and the rollback of many consumer protection laws.

A Notable Movement in the Direction of Deregulation of Industry