Which Statement Accurately Describes Capitalism

Multiple Choice

Which statement accurately describes capitalism?

A) Industrial capitalism is characterized by pools,trusts,holding companies and an interpenetration of banking,insurance and industrial interests.
B) Mercantile capitalism emerged in the United States in the period directly following the civil war.
C) In state welfare capitalism the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle.
D) Financial capitalism developed in the period immediately prior to the Renaissance.