Why Was Sharecropping a Disappointment for Many African Americans

question 41

Multiple Choice

Why was sharecropping a disappointment for many African Americans?

• A) Black sharecroppers rarely achieved economic independence or land ownership.
• B) By the 1870s, new farming technology eliminated the need for most workers on sharecropping farms.
• C) Former slaves, who had wanted to work in family units, were quickly pressed back into gangs.
• D) Landowners regularly took farm land away from families who "defied" them.

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Definitions:

LIFO Reserve

The difference between the cost of inventory calculated using the Last In, First Out method and the First In, First Out method, reflecting the impact of inflation on inventory valuation.

Balance Sheet

A summary document detailing a firm's assets, liabilities, and equity held by shareholders at a certain moment.

Cumulative Effect

The total impact of one or more changes in accounting policies or corrections of errors made in previous years, reflected in the current year's financial statements.

Just-In-Time Inventory

A strategy that companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.