The English Poor Law of 1834 Was Based on the Theory

question 15

Multiple Choice

The English Poor Law of 1834 was based on the theory that

• A)the poor were entitled to decent levels of support.
• B)the rich had a moral obligation to support the poor.
• C)if the conditions of provision for state welfare were intentionally made miserable, then the poor would be encouraged to find profitable employment.
• D)levels of state support for social welfare programs should be indexed to the cost of living.
• E)indoor relief was better than outdoor relief.

---

Definitions:

Cash Flows

The comprehensive flow of funds in and out of a corporation, significantly shaping its ability to pay off short-term debts.

Interest Rate

The outlay, displayed as a percentage of the principal, that a borrower pays to a lender for the privilege of using their assets.

Years

A unit of time representing a period of 365 or 366 days, used as a measure of time for financial calculations and forecasts.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock.