During the recession of 2008-2010,the administrations of Presidents George W.Bush and Barack Obama flooded several banking,financial services,and insurance firms with government funds in exchange (at least temporarily)for government ownership rights.The unprecedented move signaled the government's concern that the global banking system might collapse if these firms ended up in bankruptcy.The decision for active government involvement in the operations of these firms demonstrates:
A)The unforgiving nature of capitalism.
B)The desire for more individuals in the U.S.to live under a socialist system.
C)The trend toward mostly capitalist nations to move toward socialism.
D)The freedoms the U.S.government has under capitalism.

Question

Quizplus · Accepted Answer

The active government involvement in the operations of these firms during the recession of 2008-2010 indicates a trend towards mostly capitalist nations moving towards socialism, as the government took ownership rights in exchange for government funds. This move shows that in times of crisis, governments may be willing to intervene in the capitalist system to prevent a collapse of the financial system. It does not necessarily reflect the unforgiving nature of capitalism or the desire for more individuals to live under a socialist system, nor does it specifically demonstrate the freedoms the U.S. government has under capitalism.

During the Recession of 2008-2010,the Administrations of Presidents George W