Answer:
The Dow theory is a financial theory that says the market is in an upward trend if one of its averages (i.e. industrials or transportation) advances above a previous important high and is accompanied or followed by a similar advance in the other average.
Explanation:
Question
What is the headright system?
Answer:
Well a headright system is a legal grant of land to settlers. Headrights are most notable for their role or duty in the expansion of the thirteen British colonies in North America; the Virginia Company of London gave headrights to settlers, and the Plymouth Company followed suit.
Actually, the headright system was first created in 1618 in Jamestown, Virginia. It was used as a passage to attract new settlers to the region and address the labor shortage. With the emergence of tobacco farming, a vast supply of workers was needed. New settlers who paid their way to Virginia received 50 acres of land. However, most of the workers who arrived in Virginia were indentured servants, people who pledged to perform five to seven years of labor.
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