In 1831,Alexis De Tocqueville Observed That the Major Differences Between

question 56

Multiple Choice

In 1831,Alexis de Tocqueville observed that the major differences between the North and South revolved around

• A) the vast amounts of free land available to southerners.
• B) the fact that the northern states were overcrowded.
• C) the southerners' preference for a weak centralized government.
• D) the southern institution of slavery.

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Definitions:

Public Saving

The difference between tax revenues and government spending, representing the amount of surplus or deficit in the government's budget.

Private Saving

The portion of households' income that is not used for consumption or paying taxes, and is instead saved.

Savers

Individuals or entities that set aside income or resources for future use, often with the intent of accumulating wealth or for future investment.

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns, often involving investment in stocks, bonds, or real estate.