What Did White Southerners Think of the Idea of Slaves

question 88

Multiple Choice

What did white southerners think of the idea of slaves working in factories?

• A) They saw it as a way to earn extra money, by hiring out their slaves
• B) They thought it was a natural extension of their work in cotton plantations
• C) They feared that away from plantation supervision, slaves would act like free laborers
• D) They didn't think slaves had the skills or intelligence to handle the machinery
• E) All of these choices

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Definitions:

Simple Multiplier

The Simple Multiplier is an economic concept that quantifies the impact of a change in investment, government spending, or other economic activity on total output or income.

Aggregate Expenditure

Aggregate expenditure is the total amount of spending in an economy, including consumer spending, investment, government spending, and net exports.

Equilibrium Real GDP

The level of gross domestic product where aggregate supply equals aggregate demand at current prices, adjusted for inflation.

Marginal Propensity

Refers to the ratio of the change in an individual's consumption to the change in their income.