How Did the States of the Upper South Differ from Those

question 83

Multiple Choice

How did the states of the Upper South differ from those of the Lower South?

• A) Farmers in the Upper South rarely grew crops for household use and mainly exported them for profit.
• B) Slave owners had invested more heavily in slavery in the Upper South but treated their slaves better.
• C) The soil and climate in the Upper South were better suited to the plantation crops of cotton and tobacco.
• D) The Upper South had more-varied agricultural economies and had large areas without slavery.
• E) Slavery had almost disappeared in the Upper South and free blacks enjoyed the right to vote.

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Definitions:

Basis

Basis is the amount of investment in property for tax purposes, used to calculate gain or loss on a sale or other disposition of the property.

Capital Gain

Profit from the sale of property or an investment when the selling price exceeds the purchase price.

Tax Depreciation

An accounting method that allows a taxpayer to allocate the cost of a tangible asset over its useful life, offering tax deductions over this period.

Taxable Income

The portion of income that is subject to taxation, after all deductions, exemptions, and adjustments.