How Did President Andrew Johnson's Reconstruction Plan Contradict His Views

question 20

Multiple Choice

How did President Andrew Johnson's Reconstruction plan contradict his views when he first assumed the presidency?

• A) He outlined a lenient policy designed to rapidly reestablish Southern state governments although he promised to harshly punish the South.
• B) He refused to take away freedmen's access to land although he was an avowed racist.
• C) He renounced the Thirteenth Amendment although he wanted freedmen to have more rights.
• D) He denied pardons and amnesty to any Southerner who took an oath of allegiance even though he initially called for leniency.

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Definitions:

Reward to Volatility

A measure of the return an investment provides relative to its volatility, used in evaluating the performance of an investment's risk.

Portfolio Excess

Refers to the amount by which the return of a portfolio exceeds the return of a benchmark or risk-free rate.

Sharpe Measure

A method to assess the performance of an investment by adjusting for its risk, comparing the excess return over the risk-free rate to the standard deviation of returns.

Dollar-Weighted

A method of calculating an investment's return that takes into account the time and amount of each cash flow.