The Chinese Exclusion Act of 1882 Cut Off New Immigration

question 1

Multiple Choice

The Chinese Exclusion Act of 1882 cut off new immigration from China, which resulted in

• A) unmarried Chinese men.
• B) split-household families.
• C) discrimination against Chinese.
• D) poverty among the Chinese.

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Definitions:

Underwriter

A professional who assesses and accepts the risk of an insurance policy or security, determining pricing and coverage.

Direct Costs

Expenses that can be directly tied to the production of specific goods or services, such as raw materials and labor.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time, often through regular payments.

Flotation Costs

The expenses incurred by a company in issuing new securities, including fees for underwriters, legal counsel, and registration.