The Shift from the Putting-Out System to the ____________________ Resulted

question 32

Short Answer

The shift from the putting-out system to the ____________________ resulted in an entrepreneur or a company gathering relatively large numbers of individual workers in one place for work and supervision.

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Definitions:

Excess Reserves

The amount of reserves held by banks over and above the regulatory requirements, indicating extra liquidity.

Money Supply

The collective amount of cash, coins, and checking and savings account balances representing monetary assets in an economy at a given time.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, issuing currency, and regulating banks.

Create Money

The process by which the money supply of a country is increased, usually by the actions of its central bank or government through mechanisms like printing currency or credit creation.