According to the Textbook, What Undermined the First Historical Wave

question 39

Multiple Choice

According to the textbook, what undermined the first historical wave of democracy?

• A) the rise of authoritarian and totalitarian rule
• B) the rise of democratic socialism
• C) the overthrow of many governments by anarcho-syndicalists
• D) the overthrow of many governments by military juntas

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Definitions:

Peer Lending

A financial transaction in which individuals lend money to each other directly, often facilitated by an online platform, bypassing traditional financial intermediaries.

Savings Deposits

Accounts in financial institutions that allow individuals to deposit money and earn interest over time.

Import Substitution

An industrial trade strategy that favors developing local industries that can manufacture goods to replace imports.

Export Promotion

A trade policy designed to encourage exports.