What Did the Emancipation Proclamation Accomplish

question 67

Multiple Choice

What did the Emancipation Proclamation accomplish?

• A) It outlawed slavery throughout the United States.
• B) It limited slavery, allowing it only in the states that were rebelling.
• C) It initiated the era of Reconstruction.
• D) It freed all slaves in the rebellious states.

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Definitions:

Depository Institutions

Financial institutions that accept deposits from individuals and provide loans, such as banks and credit unions.

Loans

Sums of money borrowed that are expected to be paid back with interest by the borrower over a specified period of time.

Discount Rate

The interest rate charged by central banks on loans they give to commercial banks and other financial institutions.

Fed

The Federal Reserve System, which is the central banking system of the United States, responsible for monetary policy.