What Were the Political, Social, Economic, And/or Cultural Consequences of This

question 61

Essay

What were the political, social, economic, and/or cultural consequences of this item: baseball, croquet, bicycling, college football, and basketball?
Instructions:
-Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
-Explain the historical significance of each item. Establish the historical context in which the item exists. Establish the item as the result of or as the cause of other factors existing in the society under study.

---

Definitions:

Depreciation

The accounting method of allocating the cost of a tangible or physical asset over its useful life, reflecting the decrease in value of the asset over time.

Accounting Break-even

The point at which total costs and total revenues are equal, resulting in no profit or loss.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Fixed Costs

Expenses that do not change with the level of production or sales activities over a specified period.