The Luddites

question 99

Multiple Choice

The Luddites

• A)received little support in their areas of activity.
• B)destroyed industrial machines that destroyed their livelihood.
• C)were composed of the lowest unskilled workers in Great Britain.
• D)was the first movement of working-class consciousness of the Continent.
• E)demanded the establishment of a socialist economy.

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Definitions:

Syndicate

A group of underwriters formed to reduce the risk and help to sell an issue.

Group of Underwriters

A team of financial institutions or individuals that jointly take on the risk of issuing new securities by purchasing them from the issuer and selling them to the public.

Reduce Risk

Strategies and measures employed by individuals or companies to minimize the exposure to financial loss or operational failures.

Underwriters

Organizations or individuals that assess and accept the risk of another party in exchange for a fee, typically in the context of insurance or investment banking.