Why Did the Lowell Idyll Decline

question 37

Multiple Choice

Why did the Lowell idyll decline?

• A) The country experienced an economic depression and increased immigration.
• B) Many of the young women at Lowell got pregnant.
• C) The families of the mill girls demanded they return home to help on the farms.
• D) The young women workers proved too hard to control.

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Definitions:

Interest-Only

A debt repayment strategy where the borrower pays only the interest on the principal balance, with the principal balance unchanged.

Pure Discount Loan

A loan where the borrower receives a sum of money upfront and repays a higher amount at the end of the loan period, effectively paying interest by the difference.

Lump Sum Payment

An isolated financial disbursement occurring once, instead of being divided into multiple payments over a duration.

Annual Interest Payments

Periodic payments made to bondholders, typically annually, that represent the interest earned on the investment.