What Did the Editor of Scribner's Monthly Imply When He

question 16

Multiple Choice

What did the editor of Scribner's Monthly imply when he addressed the 1877 "Great Uprising" of railroad workers by stating that unions "…have been despotic toward their own members, oppressive toward the class in whose interest they pretend to have been established, impertinent and intermeddling…"?

• A) Unions were illegal, foolish, and un-American.
• B) Unions were unsuccessful in organizing because of animosity within their own ranks.
• C) Unions were vital organizations that protected workers from exploitation.
• D) Unions were responsible for the cuts in workers' wages that led to the "Great Uprising."

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Definitions:

Financing

The method by which a business or individual obtains capital to fund their operations or investments.

Discount Rates

The rate of interest employed to discount future cash flows to their present value in discounted cash flow analysis.

Weighted Average

A mathematical calculation that takes into account the varying degrees of importance of the numbers it is applied to, often used in financial analysis and accounting.

Project Risk

The potential for losses or less than expected returns from a particular project due to factors such as cost overruns, delays, or changing conditions.