How Did Economic Development in Brazil During and After the American

question 64

Multiple Choice

How did economic development in Brazil during and after the American Civil War affect the lives of southern cotton farmers?

• A) Brazilian demand for American cotton created new opportunities for southern cotton growers.
• B) Poverty and crime in South America triggered a mass migration of cheap farm workers into the American South where they replaced former slaves.
• C) The expansion of Brazilian cotton cultivation lowered global prices for the crop and led to indebtedness and loss of land for southern farmers.
• D) The expansion of slavery in Brazil in the wake of American emancipation prompted southern farmers to give up cotton cultivation for good.
• E) Cheap Egyptian cotton allowed southerners to become the consumers of imported textiles.

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Definitions:

Long-Term Debt/Stockholders' Equity

A financial ratio that measures a company's leverage by comparing its long-term debt to its stockholders' equity.

Current Liabilities

Current liabilities are short-term financial obligations that a company is expected to pay within one year.

Leased Assets

Items of property or equipment that a company or individual rents under a lease agreement, rather than owns outright.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of a business.