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In America, classical liberalism was abandoned for a time, following the a) signing of the Treaty of Versailles. Ob) American
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Answer: d) stock market crash of 1929 and the Great Depression.

Classical liberalism was an ideology that essentially aimed at limiting the role of the government in the economy and industrial development and promoting individual liberty and free markets. This ideology remained largely challenged in America even through several economic hardships until the Great Depression when the economy simply couldn't revive itself. The Great Depression called for a change and led to newer and modified ideologies such as modern liberalism that allowed for increased government intervention.

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