The oldest of eight children, Ida B. Wells was born in Holly Springs, Mississippi. Her parents, who were very active in the Republican Party during Reconstruction, died in a yellow fever epidemic in the late 1870s. Wells attended Rust College and then became a teacher in Memphis, Tennessee. Shortly after she arrived, Wells was involved in an altercation with a white conductor while riding the railroad. She had purchased a first-class ticket, and was seated in the ladies car when the conductor ordered her to sit in the Jim Crow (i.e. black) section, which did not offer first-class accommodations. She refused and when the conductor tried to remove her, she "fastened her teeth on the back of his hand." Wells was ejected from the train, and she sued. She won her case in a lower court, but the decision was reversed in an appeals court.
The available options are:
(1) Economic competition is inefficient and wasteful.
(2) Strong labor unions are essential to the health of the economy.
(3) Natural resources belong to all citizens and should not be used for private gain.
(4) Concentrating economic power in the hands of a few individuals is a threat to the country.
Answer:
Economic competition is inefficient and wasteful
Explanation:
The statement best describes an attitude shared by John D. Rockefeller, Andrew Carnegie, and J. P. Morgan is "Economic competition is inefficient and wasteful."
This is evident in the fact that all these three aforementioned wealthy Americans were popularly known for their tendency to develop any form of monopoly in their various business industry.
To them, the existence of economic competition leads to inefficiency. Hence, they always prefer to eliminate the competition, before committing massive investments for the needed growth and development, instead of outwitting the competitors.
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By the 1960s, a generation of white Americans raised in prosperity and steeped in the culture of conformity of the 1950s had come of age. However, many of these baby boomers (those born between 1946 and 1964) rejected the conformity and luxuries that their parents had provided. These young, middle-class Americans, especially those fortunate enough to attend college when many of their working-class and African American contemporaries were being sent to Vietnam, began to organize to fight for their own rights and end the war that was claiming the lives of so many.
THE NEW LEFT
By 1960, about one-third of the U.S. population was living in the suburbs; during the 1960s, the average family income rose by 33 percent. Material culture blossomed, and at the end of the decade, 70 percent of American families owned washing machines, 83 percent had refrigerators or freezers, and almost 80 percent had at least one car. Entertainment occupied a larger part of both working- and middle-class leisure hours. By 1960, American consumers were spending $85 billion a year on entertainment, double the spending of the preceding decade; by 1969, about 79 percent of American households had black-and-white televisions, and 31 percent could afford color sets. Movies and sports were regular aspects of the weekly routine, and the family vacation became an annual custom for both the middle and working class.
They give loans to businesses.
Giving loans to businesses allows those businesses to grow, thus helping the economy grow.