Describe the Decline of the Whig Party, the Rise and Fall

question 95

Essay

Describe the decline of the Whig party, the rise and fall of the Know-Nothings, and the emergence of the Republican party. How did the changes in the American party system influence the coming of the Civil War?

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Definitions:

Operating Leverage

A measure of how revenue growth translates into growth in operating income, determined by the proportion of fixed versus variable costs a company has.

Operating Income

Earnings from a company’s core business operations, excluding deductions for interest and taxes.

Variable Costs

Costs that fluctuate in direct proportion to changes in levels of production or sales volumes.

Fixed Costs

Financial obligations like rent, wages, and insurance that are stable and do not vary with the level of goods manufactured or sold.