What Was the Significance of the Planter Class in Antebellum

question 26

Multiple Choice

What was the significance of the planter class in antebellum Southern society?

• A) They constituted a majority of the population.
• B) They were often Europeans who operated their plantations from abroad.
• C) They invested their profits in industrial endeavors and began to transform the southern economy.
• D) They were the only social group in the South to openly discuss abolition as a potential good.
• E) Their values and goals dominated Southern life.

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Definitions:

Monopolization

refers to the domination by a single company of a particular market, often regarded negatively because it can restrict competition and harm consumers.

Market Power

Refers to the ability of a company to influence the price and production levels in a market due to its size or lack of competition.

Antitrust Laws

Legislation to promote fair competition for the benefit of consumers, by regulating anti-competitive conduct by companies.

Conglomerate Merger

A type of merger between companies that operate in entirely different industries.