In 1894,Jacob Coxey and His Supporters

question 49

Multiple Choice

In 1894,Jacob Coxey and his supporters

• A)demanded that Congress establish a program of unemployment insurance.
• B)called for a public works program for the unemployed.
• C)organized a march on Washington in plans to overthrow the government.
• D)were arrested by police,with many later deported as anarchists.
• E)demanded that Congress nationalize the railroads.

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Definitions:

Interest Tax Shield

The reduction in income taxes that results from deducting interest payments on debt from taxable income.

Unlevered Cost of Capital

The cost of capital for a company that has no debt, representing only the cost of equity.

Financial Leverage

The use of borrowed money (debt) to finance the acquisition of assets, with the expectation that the income or capital gain from the new assets will exceed the cost of borrowing.

Par Bonds

Bonds that are issued and redeemed at their face value, or par value, which represents the nominal or dollar value printed on the bond.