Multiple Choice
The term "welfare capitalism" refers to
A) corporations providing employee benefits in the hope of preventing the establishment of unions.
B) the high rate of unemployment in the 1920s, when many people had to go on welfare.
C) the trade-union philosophy that the welfare of the workers should be the first concern of capitalism.
D) the federal government providing massive subsidies to select government contractors.
E) the creation of Social Security and Medicare in the 1930s.
Correct Answer:
Verified
Correct Answer:
Verified
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