According to the Confiscation Acts of 1861 and 1862,slaves Who

question 32

Multiple Choice

According to the Confiscation Acts of 1861 and 1862,slaves who fell into the hands of the Union army were to be regarded as

• A)citizens of the United States.
• B)contraband of war.
• C)the rightful property of their masters,whether or not the masters were in active rebellion against the United States.
• D)prizes to be sold for the mutual gain of the Union army and the individual soldiers who captured them.

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Definitions:

Lower Taxes

A reduction in the amount of taxes imposed by a government, which can encourage economic growth by increasing consumers' and businesses' disposable income.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given price level during a specific time period.

Macroeconomic Instability

A condition characterized by large and unpredictable fluctuations in key economic indicators such as GDP, inflation, and unemployment rates.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and in a given time period.