When Union Naval Forces Seized Part of the Sea Islands

question 136

Multiple Choice

When Union naval forces seized part of the Sea Islands off the South Carolina coast, they discovered which of the following?

• A) Slaves celebrated what they hoped was their freedom as frightened planters abandoned their lands and fields.
• B) To provide stability to the large slave population, it was best to allow the plantation owners to remain.
• C) Despite the war, plantations in the area were running in a smooth and orderly fashion.
• D) Slaves in the area fought valiantly on the side of their masters, having little idea of what the war was about.

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Definitions:

Spin-out

A type of corporate restructuring where a division of a parent company becomes an independent business. The parent company may retain a stake in the new company.

IPO

An Initial Public Offering (IPO) is the process through which a private company offers shares to the public for the first time to raise capital.

Floatation Costs

Expenses incurred by a company in issuing new securities, including fees to underwriters, legal fees, and registration fees.

Firm Commitment

An agreement where an underwriter guarantees to buy and sell all securities from the issuing company at an agreed-upon price.