(Problem 10), ASSETSCurrentAssetsCash$100,000$200,000CertificateofDeposit225,000AccountsReceivable(NetofEstimatedUncollectiblesof$100,000in2012and$160,000in2013)600,000500,000MerchandiseInventory1,800,0001,500,000Prepayments200,000200,000TotalCurrentAssets$2,925,000$2,400,000InvestmentsChicagoFinanceCorporation(40%Owned)$4,000,000$2,200,000RosenwaldCompany(50%Owned)1,025,000900,000HutchinsonCompany(25%Owned)175,000100,000TotalInvestments$5,200,000$3,200,000Property,Plant,andEquipmentLand$500,000$400,000Building4,000,0004,000,000MachineryandEquipment8,000,0007,300,000PropertyRightsAcquiredUnderLease1,500,0001,500,000Total$14,000,000$13,200,000LessAccumulatedDepreciationandAmortization(4,000,000)(3,800,000)TotalProperty,Plant,andEquipment$10,000,000$9,400,000Intangibles(atNetCarryingValue)Patent$750,000$875,000Goodwill1,125,0001,125,000TotalIntangibles$1,875,000$2,000,000TotalAssets$20,000,000$17,000,000LIABILITIESANDSHAREHOLDERSEQUITYCurrentLiabilitiesAccountsPayable$550,000$400,000AdvancesfromCustomers640,000660,000SalariesPayable300,000240,000IncomeTaxesPayable430,000300,000RentReceivedinAdvance50,000OtherCurrentLiabilities460,000200,000TotalCurrentLiabilities$2,430,000$1,800,000Long-TermDebtBondsPayable$3,648,000$3,600,000EquipmentMortgageIndebtedness332,0001,300,000CapitalizedLeaseObligation1,020,0001,100,000TotalLong-TermDebt$5,000,000$6,000,000DeferredTaxLiability$1,570,000$1,400,000ShareholdersEquityConvertiblePreferredStock$2,000,000$2,000,000CommonStock2,000,0002,000,000AdditionalPaid-InCapital3,000,0002,400,000RetainedEarnings5,000,0002,800,000Total$12,000,000$9,200,000LessCostofTreasuryShares(1,000,000)(1,400,000)TotalShareholdersEquity$11,000,000$7,800,000TotalLiabilitiesandShareholdersEquity$20,000,000$17,000,000\begin{array}{lrr} Dr. William Ellery Channing, one of the leading preachers and theologians of the Unitarian Church, preached on the great potential of humans. The temperance movement and organizations had more than a million supporters who enthusiastically held rallies and distributed pamphlets on the evils of demon rum. By the 1860s, their efforts had indeed slowed, but certainly did not stop, the average Americans consumption of alcohol. One of the most widespread of the reform movements in the 1820s-1840s was the temperance movement, which called for reducing the use of (or abstaining from) alcoholic beverages. The result was the creation of penitentiaries, which sought to transform criminals into law abiding citizens through hard work, religious instruction, and isolation from the corruption of social vices. Garrison refused to become more moderate in his demands, and The Liberator was published continuously for the next 35 years until the end of slavery in the United States. The Book of Mormon was published in 1830, and Smith began the formation of his church. When one of the conspirators proved hesitant to rebellion, Gabriel called on his brother to speak at a meeting of the conspirators to encourage them to action: outright rebellion. For the most part, the African American community did not see colonization or repatriation as a viable alternative to emancipation and abolition. - women at this time were fighting to show that they are just as good as men. Like the other evangelical movements of the Second Great Awakening, they stressed adult baptism as an important step to salvation. Determined to make abolitionism a political movement, the seceders formed the Liberty Party, which nominated James G. Birney as its candidate for president. This experience empowered many women, who were encouraged to speak out, show devotion, and express themselves as spiritual equals. \quad\text{Total Current Assets}& \$ 2,925,000 &\$ 2,400,000\\ In the 19th Century's Antebellum Era, Americans began several social reform movements influenced by transcendentalism and the Second Great Awakening. The basic message was that salvation was something anyone could achieve: ordinary people could choose salvation through personal experience and living a righteous life. Many of the congregants were literate, including Vesey himself. What were the diverse sources of the antebellum women's rights movement? We also acknowledge previous National Science Foundation support under grant numbers 1246120, 1525057, and 1413739. \textbf{Shareholders Equity}\\ Slaveholders must be convinced of the sinfulness of their ways, and the North of its complicity in the peculiar institution. The Burned-Over District was not only the site of revivals of the Protestant denominations of the Second Great Awakening, but also the birthplace of new religious movements such as the Millerites, a millennial group who preached that the Second Advent (or second coming) of Jesus was imminent. The movements shared a common support base: many abolitionists supported or were active in the womens rights movement, or vice versa. Angelina later married Theodore Dwight Weld, a prominent abolitionist preacher. For the most part, colonizationists accepted the idea of black inferiority. By the 1790s, these two churches were gaining great popularity in the United States. Evangelical sects emphasized the resurrection of Christ, the primacy of scripture, the spiritual rebirth of believers, and the importance of proselytizing. The earliest womens colleges were founded in the 1830s: the Georgia Female College in Macon, Georgia (now Wesleyan College), founded in 1836, and Mount Holyoke Female Seminary in South Hadley, Massachusetts (Now Mount Holyoke College), founded in 1837. What were the different varieties of abolitionism? \text{Total Current Liabilities}& \$ 2,430,000 &\$ 1,800,000\\ Turner, who claimed to have experienced religious visions inspired by the Holy Spirit, used Biblical passages and his account of the visions to recruit more than seventy followers, both slave and free blacks, and incite rebellion. Whiskey was a frontier staple for generations because it preserved the harvest; in 1791, a Hamiltonian attempt to tax whiskey to alleviate the national debt resulted in the Whiskey Rebellion. A man could divorce his wife should she commit adultery but a woman could not divorce her husband on grounds of adultery. Preachers and believers all over the country saw humankind and society as good and perfectible, able to improve and strive to become more like God. Abolitionism was perhaps the most radical of the reform movements of the era. What is the difference between the waterfall approach and agile project management? Source for information on Antebellum Convention Movement . \quad\text{Average Shares Outstanding)} &&\$ 2.68\\ Consolidated Balance Sheets \quad\text{Total Expenses}&& \$11,720,000\\ Significantly, Gabriel forbade the conspirators to kill Methodists and Quakers, groups that were actively seeking manumission for slaves in the area at this time. \text{Retained Earnings, December 31, 2013}&& \$ 5,000,000\\ Give Me Liberty Ch. The bonds between British and American reformers can be traced throughout the many social improvement projects of the nineteenth century. \text{ASSETS}\\ The LibreTexts libraries arePowered by NICE CXone Expertand are supported by the Department of Education Open Textbook Pilot Project, the UC Davis Office of the Provost, the UC Davis Library, the California State University Affordable Learning Solutions Program, and Merlot. Mainly, it had drastically weakened the ties that bound . In 1836, when abolitionists began to flood Washington with petitions calling for emancipation in the nation's capital, the House of Representatives adopted the notorious "gag rule," which prohibited their consideration. Antebellum culture in America reflected the growing sectional crisis, at times seeking to pave over sectional differences and at other times making light of them. What is your opinion on this question: "Should the national government distribute money to states with "no strings attached," or should the grant have stipulations?" One means of teaching these values was through the series McGuffeys Readers, a series of texts that taught not only spelling and vocabulary, but also punctuality, frugality, and temperance. Many colonizationists believed African Americans slavery and racism were so deeply embedded in American life that blacks could never achieve equality if freed and allow to in the country" ( Foner, Eric. Everyone was eligible for salvation, and a loving God embraced all. Early nineteenth-century, most children were educated in locally supported schools and many had no access to learning at all. They also spent time helping with their husbands and whatever their needs were to promote the best work. For example, Virginia passed legislation making it illegal to teach slaves, free blacks, or mulattoes to read or write. In later years, the Society provided the founding impetus to the Liberty Party, a political party with an abolitionist platform. Why? An important example of the abolitionist voice in the South came from sisters from Charleston, South Carolina who had migrated north and become Quakers because of their abolitionism. A Massachusetts schoolteacher was the leading advocate of more humane treatment of the insane, who at the time generally were placed in jails alongside debtors and hardened criminals. \text{Rent Received in Advance}& 50,000& \\ \text{Capitalized Lease Obligation}& 1,020,000& 1,100,000\\ The daughters of a prominent slave owner, they spoke of their personal knowledge and experience of the system. We also acknowledge previous National Science Foundation support under grant numbers 1246120, 1525057, and 1413739. Slower It was characterized by the rise of abolition and the gradual polarization of the . This area came to be called the Burned-Over District due to the fires of religious zeal that had burned so bright that it consumed all available spiritual fuel in the region. After the conspiracy was quelled, white Charlestonians accused black congregations of the same offense: falsifying and misinterpreting the Bible. Born into slavery in Maryland in 1819, he escaped from slavery as a young man and spent the rest of his life devoting himself to the cause of freedom for all. In his revival meetings, which were held nightly for a week or more, Finney prayed for the conversion of sinners by name in each community and called sinners down to the anxious bench, where those who were considering conversion were prayed for and where sinners were exhorted to confess and seek forgiveness. No Preference Leadership and authority within the church was the exclusive domain of white men. Revivalist preachers traveled on horseback, sharing the message of spiritual and moral renewal to as many as possible. 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Many southerners feared an uprising from within by the abolitionists. Many prominent African American abolitionists such as Frederick Douglass were members of the Society. Dix was instrumental in motivating a state role in the creation of these facilities. Oberlin College in Oberlin, Ohio became the first co-educational institution when it admitted four women in 1837. -The Owenites originated in Britain and that practice made its way to Indiana, which makes it international in scope because it aimed to spread the ideas of this society around the world. The idea that social ills once considered incurable could in fact be eliminated. In the aftermath of the rebellion, the panicky white population killed more than one hundred black men, free and slave. Hudson River school of art: Americans painters also sought to achieve a sense of nationality in art. Education would "equalize the conditions of men.". The Grimk sisters were one example of the overlap in the reformist impulse between abolitionism and womens rights. A decade later, Nat Turner used the message of the Second Great Awakening to help incite one of the largest slave rebellions in United States history. 18th Amendment to the U.S. Constitution, January 28, 1919 Download image resource Description The 18th Amendment to the Constitution, ratified in 1919, banned the manufacture and sale of alcoholic beverages in the United States. "gentlemen of property and standing" (p. 453). 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