Question

Describe a brief history of the Bismarck Model and how it came to be.

a) The Bismarck Model originated in France in the 19th century.
b) It was developed by Otto von Bismarck in Germany in the late 1800s.
c) The Bismarck Model was introduced in the United States in the early 20th century.
d) It emerged in the United Kingdom in the 1920s.

Answer 1

The Bismarck Model is a system of social insurance developed by Otto von Bismarck in late 19th century Germany. It aimed to provide healthcare coverage and other benefits to workers. The model was later introduced in other countries like France and the United States.

Step-by-step explanation:

The Bismarck Model refers to a system of social insurance that provides healthcare coverage and other benefits to citizens. The model was developed by Otto von Bismarck, the Prime Minister of Germany in the late 19th century. Bismarck implemented this model in Germany as a means to address the social and economic challenges of industrialization.

The Bismarck Model aimed to protect workers and provide them with access to healthcare, disability benefits, and retirement pensions. It was based on the principle of social solidarity, where individuals contribute through mandatory contributions into a social security fund, which is then used to provide benefits when needed. This model was later introduced in other countries, including France and the United States, during the early 20th century.