Which of the Following Is Not One of the Reasons

question 53

Multiple Choice

Which of the following is not one of the reasons why the Confederacy expected assistance, or at least diplomatic recognition, from France or Great Britain?

• A) The French and British upper classes were thought to be sympathetic to the South.
• B) A permanent division of the United States would benefit European colonial designs in the Western Hemisphere.
• C) Britain depended on the South for four-fifths of its cotton.
• D) The British Prime Minister had secretly promised aid and recognition to Jefferson Davis in 1860.
• E) There was considerable diplomatic friction between Great Britain and the Union.

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Definitions:

Capital Gains

The profit that results from selling an asset for more than its purchase price, often related to investments or real estate.

Non-Eligible Dividends

are dividends that come from earnings that have not been taxed at the general corporate rate, often receiving less favorable tax treatment than eligible dividends.

Marginal Provincial Tax Rate

The rate at which your next dollar of taxable income would be taxed, specific to the province in the context of Canadian taxation.

Provincial Tax Rates

The percentage rate at which income, goods, services, and transactions are taxed by individual provinces or territories in Canada.