Under the Rhode Island System

question 51

Multiple Choice

Under the Rhode Island system

• A)textile workers bought their own looms and bargained with merchants to establish prices.
• B)mill owners created factory towns that included farmland that was rented to the families of textile workers.
• C)factories were located in major seaport cities in order to have access to international markets.
• D)Rhode Island banks financed industrial development in other states but charged extremely high interest rates.
• E)the factories were government owned.

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Definitions:

Arithmetic Average

The sum of a set of numbers divided by the count of that set of numbers, commonly used to compute simple averages.

Historical Annual Average

An average value calculated from a series of yearly figures, often used in financial analysis to smooth out fluctuations.

Holding-Period Return

Holding-period return is the total return received from holding an asset or portfolio of assets over a specified period, including interest, dividends, and capital gains.

Dividend

A portion of a company's earnings that is distributed to shareholders, usually in the form of cash or additional shares.