The Invention of the Cotton Gin

question 40

Multiple Choice

The invention of the cotton gin

• A)provided a new way to bleach cotton cloth.
• B)directly led to a rise in alcoholism.
• C)meant that machines replaced slaves and slavery declined.
• D)allowed spinners to produce more yarn.
• E)had a negative effect on American cotton growers.

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Definitions:

Timmons Model

A framework for understanding and evaluating the entrepreneurship process, emphasizing opportunity, resources, and team as key elements.

External Stakeholders

Individuals or groups outside of a company who are affected by its activities, such as regulators, investors, customers, and the community.

Venture Philanthropy

An approach to philanthropy that applies venture capital principles, such as long-term engagement and performance-based funding, to achieve social impact.

European Venture Philanthropy Association

A network focused on promoting venture philanthropy and social investment across Europe to foster societal impact.