Correct option is B
The correct sequence of democratic transition waves in ascending order is:
1. B. First wave of democratization - Started in the 19th century, extending into the early 20th century.
2. A. First reverse wave - Occurred after the first wave, where some democracies reverted to non-democratic regimes.
3. C. Second wave of democratization - Followed World War II.
4. D. Second reverse wave - This wave saw some of the democracies established during the second wave revert back to authoritarianism.
5. E. Third wave of democratization - Began in the mid-1970s and included the democratization of many Latin American, Asian, and Eastern European countries.
Therefore, the correct answer is (b) B, A, C, D, E. This sequence accurately reflects the chronological order of democratization waves and their reverse movements.