Which of the following best describes the method used by most progressives to solve the problem of economic power and its abuses?
A) adopting a socialist program of public ownership
B) following the principles of laissez-faire government
C) regulating giant corporations
D) allowing business to work out its own destiny
E) lowering taxes so that companies would raise wages

Question

Quizplus · Accepted Answer

Most progressives believed in regulating giant corporations as a way to prevent economic power and its abuses. This was done through government intervention and oversight, through measures such as antitrust laws, regulations on working conditions and wages, and consumer protection laws. This approach aimed to balance the power between corporations and individuals or workers, rather than allowing businesses to operate without any regulation or intervention.

Which of the Following Best Describes the Method Used by Most