What Was the Economic Status of Most People in Antebellum

question 85

Multiple Choice

What was the economic status of most people in antebellum America?

• A) Wealthy
• B) Upper class
• C) Middling
• D) Destitute
• E) Bankrupt

---

Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.

Agreement

A mutual understanding or contract between parties outlining terms and conditions for a specific arrangement or transaction.

Persons

Human beings as individuals or considered collectively, especially in a legal or formal context.

Capital Account

An account used to track the investments made into a company by its owners, plus the retained earnings of the business.