Asked by gillian williams on May 25, 2024
Verified
Which statement is true?
A) The federal government never intervened in our economy until the 1930s.
B) The federal government intervention in our economy has grown steadily since the time of the Civil War.
C) The federal government has intervened in our economy from time to time throughout our history.
D) None of these statements are true.
Federal Government Intervention
Federal government intervention refers to actions taken by a national government to influence its country's economy, which can include regulations, subsidies, tariffs, and monetary policies.
Civil War
A war between factions or regions within the same country, often caused by political, ethnic, or religious disputes.
- Understand the government's responsibility in controlling commercial activities to encourage competitiveness.
- Know the different eras in economic policy concerning concentration and consolidation of businesses.
Verified Answer
IL
Ismael LumibaoMay 28, 2024
Final Answer :
C
Explanation :
The federal government has intervened in our economy from time to time throughout our history. While there were some limited forms of intervention prior to the 1930s, such as the establishment of the National Banking System in 1863, the federal government's involvement in the economy grew significantly during and after the Great Depression. Therefore, B and A are incorrect. D is incorrect as C is valid.
Learning Objectives
- Understand the government's responsibility in controlling commercial activities to encourage competitiveness.
- Know the different eras in economic policy concerning concentration and consolidation of businesses.