The Purpose of the British Corn Laws Was to

question 69

Multiple Choice

The purpose of the British Corn Laws was to

• A) maintain the high profits of the British landlords.
• B) prevent British farmers from exporting corn to other nations.
• C) prevent British farmers from growing grain.
• D) encourage grain imports from France and Germany.
• E) encourage the British to substitute corn for meat.

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Definitions:

Double-Declining-Balance

A method of accelerated depreciation which doubles the straight-line depreciation rate.

Straight-Line Rate

The straight-line rate is a method of depreciation that evenly spreads the cost of an asset over its useful life.

Capital Expenditures

Capital invested by a business to purchase or improve tangible assets, like real estate, factories, or machinery.

Stockholders' Equity

Represents the owners' claims on the assets of a corporation, calculated as total assets minus total liabilities.