Franklin Roosevelt Declared That He Would Run for a Third

question 41

Multiple Choice

Franklin Roosevelt declared that he would run for a third term in 1940 because

• A) he thought that Republican Wendell Willkie represented big business and Wall Street.
• B) America needed his experienced leadership during the international crisis.
• C) there were no qualified Democratic candidates.
• D) he had a close personal friendship with British prime minister Winston Churchill.
• E) he believed that the two-term tradition limited democratic choice.

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Definitions:

Debenture

A type of debt instrument that is not secured by physical assets or collateral but based on the issuer's creditworthiness and reputation.

Outstanding Shares

Refers to the total number of shares of stock that are currently owned by shareholders, including those held by institutional investors and company insiders.

Fair Value

The payment one could achieve by divesting an asset or the liability assumed in an exchange among market actors on the designated evaluation date.

Acquisition

The process by which one company takes over another, either through the purchase of its shares or assets.