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What is the difference between nominal and effective tax rates? What creates the distinction?
Tobacco Plantations
Large agricultural estates specifically dedicated to the cultivation of tobacco as a cash crop, historically significant in the American South.
Chesapeake Region
An area in the United States surrounding the Chesapeake Bay, known for its unique cultural heritage, history, and environmental significance.
Mercantilism
An economic theory and practice prevailing in Europe from the 16th to the 18th century, promoting governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers.
Olaudah Equiano
An African writer and abolitionist who was enslaved as a child, bought his freedom, and wrote an autobiography detailing his experiences.
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