The Three Major Social and Economic Changes That Occurred Between

question 30

True/False

The three major social and economic changes that occurred between the Civil War and World War I that had significant effects on the evolution of social work practice were industrialization, gentrification, and the Great Depression.

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Definitions:

Retail Installment

A payment plan that allows consumers to pay for goods or services over time, typically with interest, in retail transactions.

Financing Statement

A document filed to give public notice of a secured party’s interest in the debtor’s personal property, usually in connection with a secured transaction.

Bankruptcy

The legal status of a person or entity that cannot repay the debts they owe to creditors, leading to a legal process for resolution.

Sole Proprietorship

The simplest form of business organization, in which the owner is the business. The owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business.