How Did the Lowell Factory System Change After the Panic

question 18

Multiple Choice

How did the Lowell factory system change after the Panic of 1837?

• A) The women workers unionized and successfully protested to win higher wages and shorter working hours.
• B) Many young women at Lowell got pregnant, causing farm families to stop allowing daughters to work in the factories.
• C) The families of the mill girls needed additional help on the farm to make ends meet and demanded their daughters return home.
• D) Factory owners increased the pace of work, cut wages, and began to hire immigrants to replace the farm girls.

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Definitions:

Return On Assets

An overall measure of profitability; computed by dividing net income by average total assets.

Net Income

The total earnings or profit a company generates, calculated as revenue minus expenses, taxes, and deductions.

Total Assets

The sum of all resources owned by a company that have economic value and can be converted into cash, including property, equipment, and cash itself.

Price-Earnings Ratio

A valuation metric comparing a company's current share price to its per-share earnings, indicating investor expectations of growth.