How Did Franklin Roosevelt's Establishment of the Minimum Wage Fit

question 92

Multiple Choice

How did Franklin Roosevelt's establishment of the minimum wage fit with Adam Smith's economic philosophy?

• A) It satisfied Smith's argument for a livable wage for every full-time worker.
• B) It violated Smith's argument for government nonintervention in the economy.
• C) It violated Smith's argument that businesses should obey the law and seek profits and nothing else.
• D) It satisfied Smith's argument that governments should seek to regulate businesses to force ethical behavior in all ways possible.

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Definitions:

White Supremacy

The belief that white people are superior to those of all other races and should therefore dominate society.

Stylized Historical Image

Artistic or popular representations of history that are shaped by cultural interpretations and may not accurately reflect historical truths.

18th Century

The period from 1701 to 1800 in the Gregorian calendar, marked by significant events such as the Enlightenment, the Industrial Revolution, and the American Revolution.

Identity Group

A collection of individuals who share specific social characteristics, beliefs, or experiences that shape their collective identity.