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Explain why labor historians emphasize the importance of the Philadelphia Journeymen Cordwainers' strike of 1805.
Equity
The value of an ownership interest in property, including shareholders' equity in a company, which represents the amount invested by the owners plus any retained earnings.
Capital in Excess
Funds or assets available to a company beyond what is required for normal operations, often used for investment or expansion.
Par Value
Nominal or face value assigned to financial instruments such as stocks and bonds, often used in accounting and legal purposes.
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