Which of the Following Best Explains the Deterioration of the Working

question 90

Multiple Choice

Which of the following best explains the deterioration of the working and living conditions of workers in New England textile mills in the 1830s and 1840s?

• A) Living and working conditions deteriorated primarily because of the economic depression of the late 1830s.
• B) Working and living conditions deteriorated primarily because of the growing labor surplus.
• C) As the economy deteriorated, management's emphasis shifted from providing decent working and living conditions for the workers to maximizing profits.
• D) Competition from English imports was the primary reason for the deterioration of working and living conditions.

---

Definitions:

Zero-Coupon Bonds

Debt securities that don't pay periodic interest but are issued at a significant discount to par value, providing profit at maturity when they reach their face value.

Coupon Rate

The annual interest rate paid by a bond's issuer to its holders, expressed as a percentage of the bond's face value.

Par Value

The face value of a bond or the stock value stated in the corporate charter, representing the minimum standard value.

Zero-Coupon Bond

A debt security that does not pay interest but is traded at a deep discount, rendering a profit at maturity when the bond is redeemed for its full face value.