What Idea Formed the Core of Reform Darwinist Theory in Progressive-Era

question 29

Multiple Choice

What idea formed the core of reform Darwinist theory in progressive-era America?

• A) People are powerless in the face of the law of natural selection.
• B) Laissez-faire is the most effective means of solving society's problems.
• C) Reform should always be a slow and thoughtful process.
• D) The state should play a more active role in solving social problems.

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Definitions:

Financial Crisis

A significant disruption in the flow of funds from lenders to borrowers, often characterized by a sharp decline in asset prices and the insolvency of financial institutions, leading to economic recession.

Interest Rate

The rate at which interest is paid by borrowers for the money that they borrow.

Preference for Liquidity

The desire to hold cash or easy-to-liquidate assets, often due to uncertainty or expectation of needing immediate funds.

Money Supply

The collective amount of currency and currency equivalents within an economy at a designated snapshot in time, including cash, coin forms, and savings and checking account deposits.