Identify the Single Most Significant Development in (A) Manufacturing Technology

question 60

Essay

Identify the single most significant development in (a) manufacturing technology, (b) transportation, (c) communications technology, and (d) business organization that encouraged industrialization in the United States. Explain your choice in each category.

---

Definitions:

No-Par

Refers to stock issued without a nominal or par value.

Paid-In Capital

Paid-in capital is the amount of money investors have given a company in exchange for shares of stock, representing capital provided by shareholders through the purchase of stock from the corporation.

Noncumulative

Describes dividends on preferred stock that, if not paid in the year they are due, do not accumulate and are not required to be paid in later years.

Par Value

A terminology indicating the official value of a security as outlined in the document at the time of its issue.