The First National Labor Unions Began to Develop in the 1850s

question 27

Multiple Choice

The first national labor unions began to develop in the 1850s, due in part to:

• A) The advent of the rail industry which made it easier for union leaders to travel to various organizing points.
• B) Powerful labor leaders.
• C) Favorable legislation and courts that were friendly toward unions.
• D) Increasing emphasis on craft development.

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Definitions:

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period of time.

Functional Currency

The primary currency of the primary economic environment in which an entity operates, usually used in its financial reporting.

Sales

The total receipts a company generates from selling its goods or services over a certain period of time; also often referred to as revenue.

Exchange Rates

A financial metric that determines how much one currency is worth in terms of another. It facilitates international trade and investment.