Which of the Following Statements Accurately Characterizes the Progressive Era

question 34

Multiple Choice

Which of the following statements accurately characterizes the Progressive Era?

• A) The Progressive Era saw the dramatic rise of revolutionaries who believed that governments should play a far smaller role in the lives of individuals and leave concerns regarding the welfare of the people to the people themselves.
• B) The Progressive Era was defined by the impulse to destroy capitalism rather than to regulate it, as the United States was on the verge of becoming a socialist nation dominated by the ideas of only one of the two major political parties.
• C) The Progressive Era saw a lack of action on the part of reformers, as the Gilded Age had successfully brought about the separation between politics and Big Business as well as the thorough regulation of industrialization.
• D) The Progressive Era first began with the onset of the Great War, as the rush to prepare to meet wartime industrial levels and embark on military projects forced politicians to engage in regulation and reform on an unprecedented scale.
• E) The Progressive Era saw remarkable social activism and political innovation, in part due to the belief that America was experiencing a crisis of democracy because of the urban industrial revolution and the evidence of fraud by elected officials.

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Definitions:

Unlimited Life

Refers to corporations or legal entities that continue to exist indefinitely until dissolution, unlike natural persons who have a finite lifespan.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government.

Accounting

A systematic process of recording, summarizing, and reporting the financial transactions of a business.

Cash Flow

The net amount of cash and cash-equivalents being transferred in and out of a business, crucial for its liquidity, solvency, and financial flexibility.