During the Industrial Era Prisons Intended to Capitalize on the Labor

question 22

Essay

During the Industrial Era prisons intended to capitalize on the labor of convicts by using them as laborers in the community.Define and describe three of the six different systems of inmate labor in use in the early twentieth century.

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Definitions:

Unsecured Debt

A type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower.

Maturity

The time at which payment to a bondholder is due from the issuer, according to the bond's terms.

Investment-Quality

A designation given to securities or investments considered to offer lower risk and stable returns.

Bond Ratings

A system used to evaluate the credit quality and risk level of a bond by assigning grades such as AAA, AA, etc.