USA HISTORY

Detailed explanation-1: -Social Darwinism is a term scholars use to describe the practice of misapplying the biological evolutionary language of Charles Darwin to politics, the economy, and society. Many Social Darwinists embraced laissez-faire capitalism and racism.

Detailed explanation-2: -Social Darwinism provided wealthy and powerful people with a justification for their existence. Business owners utilized Social Darwinian beliefs to justify monopolies.

Detailed explanation-3: -Darwinism in business is a concept derived from the Darwinian ideology of biological evolution. Many successful global companies have set the example of their evolution in the market over a long period by sustaining in various conflicting situations.

Detailed explanation-4: -The philosophy of Social Darwinism justified economic inequalities because it contended that society evolved and improved through competition.