In What Way Was the Labor System Used to Construct

question 4

Multiple Choice

In what way was the labor system used to construct the Erie Canal a portent of the future?

• A) The use of immigrant labor to build the canal set a pattern for later canal and railroad construction.
• B) By using heavy mechanical equipment to dig the canal, the project signaled the end of the need for cheap unskilled labor.
• C) Access to the canal resulted in an increase of products created by nearby residents through the labor-intensive putting-out system.
• D) The greatest labor source for canal construction was composed of free blacks and runaway slaves from the South.

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Definitions:

Break-even Sales

The amount of revenue required to cover total costs, both fixed and variable, with no profit or loss.

Fixed Expenses

Fixed costs, encompassing rent, salaries, and insurance, that are unaffected by changes in production or sales activity.

Operating Period

The length of time during which a business or a project is expected to operate or carry out its primary operations.

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in zero net profit or loss.