The Waltham Lowell system; better known as the Lowel was a textil system that employed mill girls and the latest textile innovations such as the spinning Jenn and spinning mule, in doing so the New England textile industry became for a short period one of the fatest growing factory systems and at it's time the most profitable, all this occured in the late 1800s long afte rthe deaths of two of Americas most influental minds and founding fathers whom had opposing view on how the path the U.S. economy should take. Thomas Jefferson eschewed city life and factory work and praised country life and farm work; while John Adams was more favorable to factories, championing the American system by Henry Clay. This divide was part in due by the vision each man had of America.
Jefferson wanted everyone to have a farm part in due to the fact that at the time which they lived only land owners were permitted to vote and partake in political disucssion and part due to his believe that those who owned land and work off there own land were independant thinkers; this believe was due to a fear Jefferson had of Factory and Artisan bosses forcing theior employees to vote a certian way for fear of lossign employements and their for their means of survival
Adams followed the views of Henry Clay "American System" taking nationalistic steps to protect the fledging industries in America as well as for the Federal goverment to invest in education, science, art astronomy, agriculture and the creatrion of a cental bank.
Art and architecture we used as a symbol of wealth, the invention of a ‘renaissance man’ (someone who was good at many things) encouraged the wealthy and elite to look toward decorative arts and literature. You can even look further to the aquaducts that the romans built to show their dominance and wealth to the outside world
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Answer:
D) must pay taxes on profits.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
3. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
Hence, people who make money investing in the stock market must pay taxes on profits.
