How Did John Deere Change American Agriculture

question 23

Multiple Choice

How did John Deere change American agriculture?

• A) He invented a steel-tipped plow that made tilling much easier and less time consuming.
• B) He introduced crop rotation which allowed each acre under cultivation to produce greater yields.
• C) He created a conglomerate of farmers which gave them greater control over the market.
• D) He persuaded Congress subsidize farmers during bad years.
• E) He developed a reaper that could harvest wheat seven times as fast and with fewer works than previously.

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Discount Rate

The interest rate used to discount future cash flows to their present values, often used in investment appraisal and risk assessment.

Duration

The measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often expressed in years.

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A type of bond that pays the holder interest payments at fixed intervals (usually annually or semi-annually) until the bond matures, at which point the principal amount is repaid.