Who Supported the New South Creed

question 3

Multiple Choice

Who supported the New South Creed?

• A) industrialists who believed that the South's natural resources and cheap labor made it a natural site for industrial development.
• B) white supremacists who believed that "the South will rise again" through the subjugation of the black race.
• C) fundamentalist Southern Baptists who believed that the "Second Coming" of Christ was close at hand.
• D) aristocratic southern families who believed that the South would flourish again only if it returned to the plantation system.
• E) Northerners who believed that a new "accomodationist" approach had to be used if the south were to be brought back to economic health.

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Definitions:

Total Product

The entire quantity of output or goods produced by a firm, given its current inputs.

Marginal Product

Represents the increase in output attributable to the employment of an additional unit of a resource, with other resources held constant.

Total Product

The total quantity of output that a firm produces, usually within a given period.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.