Why Did the States of the Upper South Join the Confederacy

question 7

Multiple Choice

Why did the states of the Upper South join the Confederacy?

• A) Richmond was designated the capital of the Confederacy.
• B) Lincoln announced his intention of appointing William Seward as secretary of state.
• C) The Crittenden compromise was rejected.
• D) Lincoln called for volunteers to suppress the rebellion in the Lower South.
• E) Northern troops were defeated at the first battle of Manassas.

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Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return, used to assess the worth of future cash flows today.

Future Value

The estimated value of a current asset or an amount of money at a specified date in the future, based on an assumed rate of growth or interest.

Interest Component

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An interest calculation method where the interest is added to the principal at the end of each year, and future interest accrues on the new principal.