What is the term for the theory of socialism developed in the late 19th century that is more moderate and democratic?

• A. Revolutionary Socialism
• B. Revisionist Socialism
• C. Marxist Socialism
• D. Proletarian Socialism

Answer: (B)

The correct term for the theory of socialism developed in the late 19th century that is more moderate and democratic is Revisionist Socialism. This approach emerged as a response to the more radical and revolutionary interpretations of socialism that were predominant at the time. Key figures, such as Eduard Bernstein, advocated for a gradual and evolutionary transition to socialism through democratic reforms rather than through violent revolution. This meant working within existing political systems to achieve social and economic changes, emphasizing incremental reforms to improve conditions for workers and promote social justice.

Revisionist Socialism sought to address the needs and concerns of the working class while also accommodating the broader political landscape, thus making socialism more accessible and appealing to a wider audience. This approach distinguished itself from more militant forms of socialism that called for immediate and forceful upheaval of the capitalist system.