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Discuss the Changes That Took Place in the New England

question 114

Essay

Discuss the changes that took place in the New England textile industry from the establishment of the Waltham system in 1813 to 1850. How did the workers react to these changes?


Definitions:

Total Fertility Rate

Total Fertility Rate is the average number of children that would be born to a woman over her lifetime, given current birth rates.

Population

The total number of people inhabiting a particular area or country.

Replacement Rate

In the context of benefits or salaries, it refers to the percentage of a worker's pre-retirement income that is paid out by a pension program upon retirement.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

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