What Was the Significance of the Duke Family's Tobacco Business

question 80

Multiple Choice

What was the significance of the Duke family's tobacco business?

• A) Bankrupt soon after its founding after the Civil War, it demonstrated the often insurmountable economic difficulties due to the South's ongoing dependence on plantations over factories.
• B) Contrary to many companies in the North that joined forces with their competitors, it remained a tiny but successful family owned farm and offered a model for the rest of the South.
• C) Forming a modern cigarette factory producing large quantities of tobacco, it contributed to the dramatic rise of the tobacco industry in the post-Civil War South.
• D) The first such government-owned company in the United States, it came to represent the federal government's approach to rebuilding the nation's economy and agriculture after the Civil War.
• E) The North's largest industrial employer, it greatly helped revamp the nation's economy after the Civil War and brought migrants to New England in massive numbers.

Comprehend the variations in legal responsibility and the ability to contract across different jurisdictions, including a comparative understanding of Chinese law regarding minors.

Understand the concept and implications of ratification and disaffirmance of contracts by minors upon reaching the age of majority.

Recognize the roles and purposes of professional licensing statutes and their impact on contractual agreements.

Understand the legal consequences of contracts formed for illegal purposes, including agreements to commit a crime or tort.

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Definitions:

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A group of five to ten individuals who hang around together and who share activities and confidences.

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A stage in adolescent development where an individual has explored various options and has made commitments to personal values and goals.

James Marcia

A developmental psychologist known for his work on adolescent identity formation, particularly for his theory of identity statuses.