In 1890, When the Superintendent of the Census Announced That

question 75

Multiple Choice

In 1890, when the superintendent of the census announced that a stable frontier line was no longer discernible,
Americans were disturbed because

• A) they knew that the Homestead Act would no longer do them much good.
• B) they thought that there would be a renewal of Indian warfare.
• C) the idea of an endlessly open West had been an element of America's history from the beginning.
• D) many of them hoped eventually to migrate to the West.
• E) they feared that an influx of new western states would strengthen the Populists and other radicals.

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Definitions:

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.

Tax-exempt Bonds

Bonds issued by governmental entities that do not require the owners to pay taxes on the interest earned from these bonds.