What Was One Major Way That the Colonists Settling in New

question 49

Multiple Choice

What was one major way that the colonists settling in New England differed from those in the original Jamestown colony?

• A)They sought freedom of religion from the Catholicism of Great Britain.
• B)They were more interested in making a profit off of the land than were those in Jamestown.
• C)They were of the middle class, and most could pay their own way.
• D)They fled from the violence in Great Britain during the Glorious Revolution.
• E)Many of them were elite plantation owners.

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Definitions:

FMV

Fair Market Value refers to the price at which property would sell on the open market between a willing buyer and a willing seller.

Dividend Income

Income received from owning shares in a company, which represents a distribution of the company's earnings.

Schedule M-1

A form used in corporate taxation to reconcile financial statement income with taxable income reported on U.S. federal tax returns.

Book Income

The income reported by a business for financial accounting purposes, which may differ from taxable income due to different accounting methods.