Why Did Apprenticeship and Indentured Servitude Decline After the Revolution

question 45

Multiple Choice

Why did apprenticeship and indentured servitude decline after the Revolution?

• A) King George III had supported them, and anything associated with the king was unpopular in the United States.
• B) Many apprentices and indentures had refused to fight in the Revolution, and their bosses, resenting them for it, got rid of them.
• C) Thomas Paine's criticism of them in Common Sense greatly influenced the many who had read his pamphlet.
• D) The lack of freedom inherent in apprenticeship and indentured servitude struck growing numbers of Americans as incompatible with republican citizenship.

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Definitions:

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for product differentiation and some control over pricing.

Identical Product

A good or service that is exactly the same in quality, function, and design across different sellers, making them perfect substitutes.

Oligopoly

An economic scenario where a handful of companies dominate the market, resulting in minimal competitive activity.

Herfindahl Index

A metric used to assess the level of concentration within a market, achieved by taking the square of each firm's market share and summing these squares.