"In our efforts for recovery we have avoided, on the one hand, the theory that business should "
The principles championed by President Roosevelt in the speech above directly challenged the
a. view that the United States should remain a nation based largely on agriculture.
b. laissez-faire economic policies of the Gilded Age.
c. the efforts by Progressives to institute social reforms at all levels of society.
d. idea that large corporations had come to dominate the American economy.

b.  laissez-faire economic policies of the Gilded Age.

Explanation:

Business theories are laws or principles that are proposed to describe markets, competition and organizational culture.

Roosevelt rescue the United States from the throes of its worst depression in history.

Roosevelt believed in the concept of American capitalism. He saw that American capitalism required reform in order to survive.

The principles championed by President Roosevelt in the speech above directly challenged the laissez-faire economic policies of the Gilded Age.

The approach Franklin Roosevelt outlines in the speech above is most consistent with the previous efforts of the Progressives in the early 20th century.