The Advent of "Modern" Life Occurred First in the Seaboard

question 29

Multiple Choice

The advent of "modern" life occurred first in the seaboard centers of colonial America, including the transition from a

• A) contentious to a deferential politics.
• B) factory to a skilled craftsman's production of goods.
• C) social order based on achievement to one based on status.
• D) barter to a commercial economy.

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Definitions:

Unlimited Liability

A legal obligation where business owners are personally responsible for all of the debts of the business.

Cooperatives

A type of organization owned and operated by a group of individuals for their mutual benefit.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.