Which of the Following Was NOT True of the South

question 59

Multiple Choice

Which of the following was NOT true of the South and slavery in nineteenth-century America?

• A) The Old South had developed into the largest and most powerful slave society the modern world has known.
• B) The rate of natural increase in the slave population had more than made up for the ban on the international slave trade that was enacted in 1808.
• C) In the South as a whole, slaves made up only 10 percent of the population.
• D) The amount of money invested in or represented by slavery in the United States exceeded that of the nation's factories, banks, and railroads combined.
• E) The Industrial Revolution promoted slavery because it required intensive production of cotton.

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Definitions:

Consumption

The act of using goods and services by households.

External Costs

Costs of economic activity not borne by the producer or consumer but by society, often not reflected in the price of goods or services.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.

Market

A place or arrangement through which goods and services are exchanged between buyers and sellers.