Statement I: The abuse of power by the industrial capitalists at the end of the 19th century led to the rise of labor unions and the passage of antitrust legislation.
Statement II: The widespread bank failures of the 1920s became even worse in the early 1930s.

Question

Quizplus · Accepted Answer

Statement I is true as the exploitation and harsh working conditions faced by workers during the late 19th century indeed led to the formation of labor unions and the enactment of antitrust laws to regulate monopolistic practices. Statement II is also true; the banking crises that began in the late 1920s were exacerbated by the onset of the Great Depression in the early 1930s, leading to widespread bank failures.

Statement I: the Abuse of Power by the Industrial Capitalists