As a Result of the Development of the Cotton Gin

question 64

Multiple Choice

As a result of the development of the cotton gin

• A) slavery revived and expanded.
• B) American industry bought more southern cotton than did British manufacturers.
• C) slavery declined in the importance of the development of the South's economy.
• D) the South diversified its economy.
• E) the textile industry moved to the South.

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Definitions:

Dissenting Shareholders

Shareholders who do not agree with a corporate action and are allowed certain rights, such as selling their shares back to the company under specific conditions.

Damage Award

A monetary compensation ordered by a court to be paid to a person as reimbursement for harm or injury suffered.

Short-Form Merger

A process where a parent company merges with a subsidiary company without needing the approval of the subsidiary's shareholders.

Appraisal Rights

The rights of a corporation's minority shareholders to have a judicial assessment of the fairness of a proposed transaction, typically a merger or acquisition.