Find all School-related info fast with the new School-Specific MBA Forum

It is currently 21 Jul 2014, 23:23

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

For many years, historians thought that the development of

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
1 KUDOS received
Senior Manager
Senior Manager
avatar
Joined: 10 Mar 2008
Posts: 376
Followers: 3

Kudos [?]: 41 [1] , given: 0

GMAT Tests User
For many years, historians thought that the development of [#permalink] New post 16 Jul 2008, 08:35
1
This post received
KUDOS
For many years, historians thought
that the development of capitalism had not
faced serious challenges in the United
Line States. Writing in the early twentieth cen-
(5) tury, Progressive historians sympathized
with the battles waged by farmers and
small producers against large capitalists
in the late nineteenth century, but they did
not question the widespread acceptance
(10) of laissez-faire (unregulated) capitalism
throughout American history. Similarly,
Louis Hartz, who sometimes disagreed
with the Progressives, argued that Americans
accepted laissez-faire capitalism
(15) without challenge because they lacked
a feudal, precapitalist past. Recently,
however, some scholars have argued
that even though laissez-faire became
the prevailing ethos in nineteen-century
(20) America, it was not accepted without
struggle. Laissez-faire capitalism, they
suggest, clashed with existing religious
and communitarian norms that imposed
moral constraints on acquisitiveness to
(25) protect the weak from the predatory, the
strong from corruption, and the entire culture
from materialist excess. Buttressed
by mercantilist notions that government
should be both regulator and promoter
(30) of economic activity, these norms persisted
long after the American Revolution
helped unleash the economic forces that
produced capitalism. These scholars
argue that even in the late nineteenth
(35) century, with the government’s role in
the economy considerably diminished,
laissez-faire had not triumphed completely.
Hard times continued to revive
popular demands for regulating busi-
(40) ness and softening the harsh edges of
laissez-faire capitalism.
--------------------------------------------------------------------------------
Q12:
The primary purpose of the passage is to
A. reveal the underlying similarities of certain arguments regarding the development
of capitalism in the United States
B. synthesize two competing arguments regarding the development of capitalism in
the United States
C. defend an established argument regarding the development of capitalism in the
United States
D. summarize a scholarly refutation of an argument regarding the development of
capitalism in the United States
E. discuss a new methodology for the study of the development of capitalism in the
United States
--------------------------------------------------------------------------------
Q13:
According to the passage, the Progressive historians mentioned in line 5 and the scholars
mentioned in line 17 disagree with regard to which of the following?
A. Whether laissez-faire became the predominant ethos in the nineteenth-century
United States
B. Whether moral restraints on acquisitiveness were necessary in the nineteencentury
United States
C. The economic utility of mercantilist notions of government
D. The nature of the historical conditions necessary for the development of laissezfaire
capitalism in the nineteen-century United States
E. The existence of significant opposition to the development of laissez-faire
capitalism in the nineteen-century United States
--------------------------------------------------------------------------------
Q14:
The passage suggests that the scholars mentioned in line 17 would agree with which of
the following statements regarding the “norms” mentioned in line 23?
A. They provided a primary source of opposition to the development of laissez-faire
capitalism in the United States in the nineteenth century.
B. Their appeal was undermined by difficult economic times in the United States at
the end of the nineteenth century.
C. They disappeared in the United States in the late nineteenth century because of
the triumph of laissez-faire capitalism.
D. They facilitated the successful implementation of mercantilist notions of
government in the United States in the nineteenth-century.
E. They are now recognized by historians as having been an important part of the
ideology of the American Revolution.
Current Student
avatar
Joined: 28 Dec 2004
Posts: 3405
Location: New York City
Schools: Wharton'11 HBS'12
Followers: 13

Kudos [?]: 149 [0], given: 2

GMAT Tests User
Re: RC: development of capitalism [#permalink] New post 16 Jul 2008, 11:20
i would say
D
E
A
Director
Director
avatar
Joined: 01 Jan 2008
Posts: 629
Followers: 3

Kudos [?]: 127 [0], given: 1

GMAT Tests User
Re: RC: development of capitalism [#permalink] New post 16 Jul 2008, 17:09
i agree with D, E, A
Director
Director
avatar
Joined: 14 Aug 2007
Posts: 735
Followers: 7

Kudos [?]: 96 [0], given: 0

GMAT Tests User
Re: RC: development of capitalism [#permalink] New post 16 Jul 2008, 23:22
Another D, E , A

OA time?
1 KUDOS received
Senior Manager
Senior Manager
avatar
Joined: 10 Mar 2008
Posts: 376
Followers: 3

Kudos [?]: 41 [1] , given: 0

GMAT Tests User
Re: RC: development of capitalism [#permalink] New post 16 Jul 2008, 23:26
1
This post received
KUDOS
OA = D/E/A. Thanks!
Manager
Manager
avatar
Joined: 04 Sep 2010
Posts: 84
Followers: 1

Kudos [?]: 5 [0], given: 11

Re: RC: development of capitalism [#permalink] New post 12 Jun 2011, 02:04
Can somebody explain structure of this para and why D is correct for primary purpose
Intern
Intern
avatar
Joined: 22 May 2011
Posts: 21
Followers: 0

Kudos [?]: 7 [0], given: 4

GMAT ToolKit User GMAT Tests User
Re: RC: development of capitalism [#permalink] New post 12 Jun 2011, 02:36
For a 1 paragraph passage, you should scan the passage for structural words/phrases. Here, However divides the passage into 2 opposite parts.

1) capitalism was accepted w/o challenges
progessive historian: don't question widespread acceptance of cap
L.H: similar view

2) However, some scholars: cap not accepted w/o struggle
clash w religion + comm
Senior Manager
Senior Manager
avatar
Joined: 29 Jan 2011
Posts: 385
Followers: 0

Kudos [?]: 22 [0], given: 87

GMAT Tests User
Re: RC: development of capitalism [#permalink] New post 14 Jun 2011, 14:46
D
A
A
Senior Manager
Senior Manager
avatar
Joined: 29 Jan 2011
Posts: 385
Followers: 0

Kudos [?]: 22 [0], given: 87

GMAT Tests User
Re: RC: development of capitalism [#permalink] New post 14 Jun 2011, 14:50
How long should you take to nail this passage?
Senior Manager
Senior Manager
avatar
Joined: 12 Mar 2010
Posts: 381
Concentration: Marketing, Entrepreneurship
GMAT 1: 680 Q49 V34
Followers: 1

Kudos [?]: 13 [0], given: 86

CAT Tests
Re: RC: development of capitalism [#permalink] New post 23 Jul 2011, 20:46
The primary purpose of the passage is to
A. reveal the underlying similarities of certain arguments regarding the development
of capitalism in the United States
B. synthesize two competing arguments regarding the development of capitalism in
the United States
C. defend an established argument regarding the development of capitalism in the
United States
D. summarize a scholarly refutation of an argument regarding the development of
capitalism in the United States
E. discuss a new methodology for the study of the development of capitalism in the
United States

The passage is not doing any of the above bolded.
So the answer is the only remaining option D.
D is in the ballpark, where when u read u may not feel this is the answer, but as you eliminate you become more confident.
Re: RC: development of capitalism   [#permalink] 23 Jul 2011, 20:46
    Similar topics Author Replies Last post
Similar
Topics:
2 Historian: Newton developed mathematical concepts and Nihit 6 25 Sep 2008, 06:56
Historian: Newton developed mathematical concepts and x97agarwal 1 03 Aug 2008, 11:32
Historian: Newton developed mathematical concepts and mymba99 12 14 May 2008, 10:43
Historian: Newton developed mathematical concepts and nakib77 18 19 Dec 2005, 03:57
Historian: Newton developed mathematical concepts and marine 9 18 Sep 2004, 00:43
Display posts from previous: Sort by

For many years, historians thought that the development of

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.