Which of the Following Is True of Progressive Reform in the 1920s

question 14

Multiple Choice

Which of the following is true of progressive reform in the 1920s?

• A) Both social and political reforms were enacted at the state and local levels.
• B) The government-owned hydroelectric power project at Muscle Shoals, Alabama, was sold to private interests.
• C) The major federal regulatory agencies were dismantled.
• D) The federal government stepped up its antitrust activity.

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Definitions:

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, it can occur when income is taxed at both the corporate level and personal level.

Debt Obligations

The amount of money that a company or individual must repay to lenders, including both the principal and interest.

Distinct Legal Entity

Refers to a business that is legally considered separate from its owners, meaning it can own property, incur debts, and be sued independently.

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders, and having the ability to own property, enter contracts, and sue or be sued.