Which of the Following Led to a Year-Long Investigation by the House

question 43

Multiple Choice

Which of the following led to a year-long investigation by the House of Representatives during the Civil War?

• A) It was discovered that leading peace Democrats in the Senate had given top secret information to the Confederacy.
• B) The press revealed that the Secretary of State had ignored Confederate overtures for peace negotiations.
• C) There were rumors of war profiteering by contractors who sold inferior merchandise to the government at inflated prices.
• D) It was learned that the Secretary of War had received kickbacks from government contractors.

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Definitions:

Unissued Stock

Unissued stock refers to shares that have been authorized in a company's charter but have not yet been sold or distributed to shareholders.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Book Value

The value of an asset as recorded on the company's balance sheet, calculated as the cost of the asset minus any depreciation.

Outstanding Bonds

Bonds issued by a company that are currently still held by investors and have not yet been redeemed.