Conservatism could best be described as a political ideology that assumes government exists in order to improve society. seeks out new and better ways of managing government. stresses traditional approaches to issues in government. encourages greater government regulation.

Lloyd’s of london was one of the first institutions to offer insurance to merchants and joint-trade companies. a major part of the insurance system involved people who agreed to take responsibility for the insured losses in return for a fee. what were these risk-takers known as? a. joint-stock companies b. investors c. underwriters d. merchants e. capitalists