Answer the Following Questions

question 27

Multiple Choice

Answer the following questions:
-water frame

• A)A term first coined in 1799 to describe the burst of major inventions and economic expansion that began in Britain in the late eighteenth century.
• B)A simple, inexpensive, hand-powered spinning machine created by James Hargreaves in 1765.
• C)A spinning machine created by Richard Arkwright that had a capacity of several hundred spindles and used waterpower; it therefore required a larger and more specialized mill-a factory.
• D)The location of the Great Exhibition in 1851 in London; an architectural masterpiece made entirely of glass and iron.
• E)Theory proposed by English economist David Ricardo suggesting that the pressure of population growth prevents wages from rising above the subsistence level.
• F)A government's way of supporting and aiding its own economy by laying high taxes on imported goods from other countries, as when the French responded to cheaper British goods flooding their country by imposing high tariffs on some imported products.
• G)Awareness of belonging to a distinct social and economic class whose interests might conflict with those of other classes.
• H)English laws passed from 1802 to 1833 that limited the workday of child laborers and set minimum hygiene and safety requirements.
• I)English law prohibiting underground work for all women and girls as well as for boys under ten.
• J)British laws passed in 1799 that outlawed unions and strikes, favoring capitalist businesspeople over skilled artisans. Bitterly resented and widely disregarded by many craft guilds, the acts were repealed by Parliament in 1824.
• K)Group of handicraft workers who attacked factories in northern England in 1811 and later, smashing the new machines that they believed were putting them out of work.
• L)A breakthrough invention by Thomas Savery in 1698 and Thomas Newcomen in 1705 that burned coal to produce steam, which was then used to operate a pump; the early models were superseded by James Watt's more efficient version, patented in 1769.
• M)A gender division of labor with the wife at home as mother and homemaker and the husband as wage earner.
• N)The name given to George Stephenson's effective locomotive that was first tested in 1829 on the Liverpool and Manchester Railway at 24 miles per hour.

---

Definitions:

Current Income Statement

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

Managers

Individuals responsible for making decisions and overseeing the operations of a part or the entirety of an organization.

Company's Assets

Resources owned by a company that have economic value and can be used to meet debts, commitments, or generate revenue.

Company's Debt

The total amount of money owed by a company to creditors, including loans, bonds, and other forms of financial liabilities.