What Did John Winthrop Mean When He Told His Puritan

question 16

Multiple Choice

What did John Winthrop mean when he told his Puritan followers,"We shall be as a city upon a hill"?

• A) That choosing to establish their new community on a hillside would enable the Puritans to keep a watchful eye out against sin on the lands below.
• B) That God wanted the Puritans to form a religious community in the New World that would be an example for the rest of the world, and especially Old England.
• C) That God had made the Puritans his chosen people over the Anglicans and Quakers.
• D) That God had spared the Puritans major hardship in reaching the New World.
• E) That by coming to the New World, they could reinvent all the rules of society.

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Definitions:

Capital Balances

The amount of owners' equity or shareholders' equity in a business, reflecting the residual assets after deducting liabilities.

Share of the Profit

The portion of a company's earnings allocated to each outstanding share of common stock, illustrating the company's profitability on a per share basis.

Average Capital Balances

An average of the various amounts of capital held in an account over a specific period, often used to calculate interest or allocate profits and losses in partnerships.

Interest Allowance Method

A method used in accounting to allocate interest expense over the life of a debt at a constant rate.