Regulation in the United States began to be imposed as it became clear that laissez-faire policies were being undermined by:
A)pockets of poverty that were exploited by the more advantaged.
B)wide swings in the business cycle marked by frequent banking crises.
C)widespread discrimination on the basis of sex, race, and other factors.
D)flagrant abuse of the environment.
E)all of the above.

Question

Quizplus · Accepted Answer

All of the above choices played a role in the need for regulation in the United States. Pockets of poverty were exploited by the more advantaged, leading to income inequality and social unrest. The business cycle was marked by frequent banking crises, such as the Panic of 1907, which highlighted the need for government intervention to stabilize the economy. Widespread discrimination on the basis of sex, race, and other factors created social and economic inequality, and flagrant abuse of the environment was causing environmental degradation and health concerns. All of these factors contributed to the need for government regulation to address these issues.

Regulation in the United States Began to Be Imposed as It