What Was the Justification for Excluding African Americans and American

question 85

Multiple Choice

What was the justification for excluding African Americans and American Indians from becoming citizens of the United States?

• A) They were not suitable members for the political system because they were not free.
• B) It was presumed they could not understand the European way of life or the political system.
• C) Both of the above
• D) None of the above

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Definitions:

Recognize

In an accounting context, to recognize is to formally record an item within the financial statements of an entity, acknowledging its existence or occurrence.

Short-term Capital Loss

A loss realized from the sale or exchange of a capital asset held for one year or less, which can be used to offset capital gains for tax purposes.

Long-term Capital Gain

A profit from the sale of an asset held for more than a year, typically taxed at a lower rate than regular income.

Section 1245

A section of the U.S. Internal Revenue Code that defines the tax treatment of the gain from the sale of depreciable property.