The Scholar Thomas Craemer Calculated a Second Compensation Estimate for the Hours

question 154

True/False

The scholar Thomas Craemer calculated a second compensation estimate for the hours worked by enslaved black men, women, and children from 1776 (the Declaration of Independence) to 1865 (the official end to slavery) for all 24 hours of the day to be $500,000 billion in current dollars.

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Definitions:

Online Order

A method of purchasing goods or services via the internet.

Transportation Cost

Expenses associated with moving goods or passengers from one location to another, which can include fuel, labor, and vehicle maintenance.

Inventory Cost

Refers to the total cost associated with holding and managing goods in stock, including costs related to storage, insurance, taxes, and obsolescence.

Facilities

Physical resources such as buildings, machinery, and equipment used in the production of goods and services.