Which of the following best describes the method used by most progressives to solve the problem of economic power and its abuses?
A) adopt a socialist program of public ownership
B) follow the principles of laissez-faire government
C) regulate big business
D) allow business to work out its own destiny
E) lower taxes so that companies would raise wages

Question

Quizplus · Accepted Answer

Most progressives believed that the best way to solve the problem of economic power and its abuses was to regulate big business. This would mean putting in place laws and regulations that would ensure fair competition, protect workers' rights and prevent monopolies from forming. This approach was seen as a pragmatic way to hold businesses accountable without resorting to extreme measures like nationalizing industries or lowering taxes.

Which of the Following Best Describes the Method Used by Most