How Did the Market Revolution Change the Way Americans Conceived

question 17

Multiple Choice

How did the market revolution change the way Americans conceived of time?

• A) It led Congress to create time zones in 1823.
• B) Clocks increasingly regulated the separation of work and leisure time.
• C) Artisans began spending their lunch hours in political discussions rather than just taking breaks as they worked throughout the day.
• D) It lengthened life expectancy because Americans no longer had to work from sunrise to sunset as they had on farms.
• E) It enhanced the individual American's sense of independence to be able to walk away from work at a certain time.

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Definitions:

Balance Date

The date on which a company's financial year ends and financial statements are prepared to reflect the company's financial position.

Accounting Adjustments

Entries made in accounting records at the end of a period to correct accounts before the financial statements are prepared.

Temporary Differences

Differences between the carrying amount of an asset or liability in the statement of financial position and the asset’s or liability’s tax base.

Carrying Amounts

The value at which an asset or liability is recognized on the balance sheet after accounting for depreciation, amortization, or impairment losses.