The Following Questions Refer to the Excerpt Below

question 7

Multiple Choice

The following questions refer to the excerpt below.
"American farming is growing less profitable and less encouraging.In a country possessing so many faculties of cheap production this discouraging aspect of agriculture must be and is the result of other than natural causes.The annual additions of wealth under the enlightened system of agriculture are enormous,but from the unequal divisions of the profits of labor and the unjust discriminations made against it,the enlistments of property show that the farmers of the United States are not prospering…The farmers of America have on all occasions shown themselves to be a patient and enduring people…"
13^th National Meeting of the Grange,1868
-Which of the following developments did movements like the Grange most directly contribute to?

• A) The creation of mechanized grain reapers
• B) Local and regional resistance to railroad control of agricultural markets
• C) The rise of Know-Nothing Party
• D) The passage of the Interstate Commerce Act

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Definitions:

Observed Characteristics

Traits or features that have been recorded or noted through observation or study.

Default

The failure to meet the legal obligations or conditions of a loan, such as not making payments on time.

Credit Policy

Refers to a set of guidelines that a company uses to determine how much credit to extend to customers.

Credit Analysis

The process of evaluating an applicant's loan request or a corporation's debt issue in order to determine the likelihood of the borrower defaulting on their financial obligations.