Which of the Following Is NOT True of the South

question 48

Multiple Choice

Which of the following is NOT true of the South and its economy in the period from 1800 to 1860?

• A) Southern cities, like New Orleans and Baltimore, lay mainly on the periphery of the South.
• B) The South produced nearly two-fifths of the nation's manufactured goods, especially cotton textiles.
• C) Slavery helped to discourage the immigration of white workers to the South, with such notable exceptions as New Orleans.
• D) Slavery proved very profitable for most slave owners.
• E) Southern banks existed mainly to finance plantations.

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Definitions:

Sales

The total revenue generated from goods or services sold by a company over a specified period.

Pretax Income

The amount of income earned by a business before any taxes have been deducted.

Fixed Costs

Fixed costs are business expenses that do not change with the level of goods or services produced by the business, such as rent, salaries, and insurance.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as materials and labor directly involved in manufacturing a product.