Asked by Lauren Enloe on Jul 25, 2024
Verified
A significant change in American societal beliefs regarding the role of big business in ensuring prosperity for all occurred following:
A) The Great Uprising.
B) World War I.
C) The Great Depression.
D) World War II.
Big Business
Large-scale corporate enterprises that have a significant impact on the economy and society.
Prosperity
A state of economic growth and stability, often characterized by low unemployment and high consumer confidence.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by widespread unemployment, severe deflation, and financial panic.
- Acquire knowledge about the transformation in labor movements, focusing on membership trends and the influence exerted by substantial enterprises.
Verified Answer
JK
Jordan KnightJul 29, 2024
Final Answer :
C
Explanation :
The Great Depression caused a significant change in American societal beliefs regarding the role of big business in ensuring prosperity for all. The failure of many large corporations and banks led to widespread economic hardship, and many Americans began to question the idea that unchecked capitalism was the best way to promote economic growth and social progress. This led to a shift towards greater government regulation and oversight of the economy, as well as more emphasis on social welfare programs to help protect the most vulnerable members of society.
Learning Objectives
- Acquire knowledge about the transformation in labor movements, focusing on membership trends and the influence exerted by substantial enterprises.