Why Did Factories Develop Slowly in the South

question 78

Multiple Choice

Why did factories develop slowly in the South?

• A) Slave discipline was difficult to maintain in a factory system.
• B) The economic rewards of agriculture were more certain.
• C) Industrialization might have disrupted the traditional southern social structure.
• D) To raise the capital needed to build factories, Southerners would have had to sell slaves.
• E) All of these choices

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Definitions:

Payback Period

The payback period is the time required for an investment to generate cash flows sufficient to recover its initial cost.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or profits.

Depreciated

The process of allocating the cost of a tangible or fixed asset over its useful life, reflecting its consumption, wear, and tear, or obsolescence.

Net Cash Flow

The difference between a company's cash inflows and outflows in a given period.