All of the Following Statements About the Changes in Social

question 19

Multiple Choice

All of the following statements about the changes in social organization due to industrialization, EXCEPT

• A) As the middle class grew, there were fewer in the lower class.
• B) Most members of the landed elites continued to maintain privilege, but began losing ground to the rising middle class.
• C) The middle class developed differentiated levels, with industrialists, lawyers, bankers and other at similar levels at the top, and tradesmen and handcrafters below.
• D) A new lower class - the working class - developed.

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Definitions:

Wage

The amount of money paid to an employee by an employer in exchange for work performed, usually expressed on a per-hour, per-day, or per-project basis.

Interest Income

Earnings received from deposit accounts like savings or money market accounts, certificates of deposit, or income from bonds and loans made to others, calculated as a percentage of the principal amount.

Laissez-Faire

An economic philosophy of free-market capitalism that opposes government intervention.

Socialist

A person who advocates for or supports the political and economic theory of socialism, which emphasizes public or community ownership and administration of the means of production and distribution of goods.