Question

What role did the government play in the economies of many nations in the early 20th century?

Answer 1

Answer:

In the economies of many nations during the early 20th century, national governments in many cases exercised direct control over the means of production and consequently controlled through this means the course of the economy of their nations. This without becoming socialisms, but being the direct predecessors of this system. Thus, the companies that produced in the country did so with prior authorization from the government to operate, and the rest of the economic freedoms were also subject to the will of the government.