By the End of 1865, Under President Johnson's Reconstruction Policies

question 46

Multiple Choice

By the end of 1865, under President Johnson's reconstruction policies,

• A) All southern states had ratified the Thirteenth Amendment and repudiated their Confederate debts.
• B) Most southern states had passed special industrial codes to help the freedmen become economically independent.
• C) Former Confederate officials and generals had been elected to serve in Congress.
• D) Southern states were moving toward rebellion and secession once again.
• E) The southern states had been divided into a series of military districts.

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Definitions:

Amortization Period

The length of time over which the principal of a debt is scheduled to be paid down through amortization.

Discounted Cash Flow

A valuation method used to estimate the value of an investment based on its expected future cash flows, adjusted for time value of money.

Payback Period

The duration required to recover the initial investment in a project or asset, based on the cash inflows that the investment generates.

Time Value

The principle that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.