Urban Development and an Urban Professional Class,in the Colonial South

question 73

Multiple Choice

Urban development and an urban professional class,in the colonial South

• A) rivaled that of New England.
• B) kept pace with the growth of large plantations.
• C) evolved from lots of interaction.
• D) was slow to emerge.
• E) was hampered by a large population of free blacks.

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Definitions:

Imported Oil

Oil brought into a country from another, affecting its balance of trade and energy policies.

Nominal Interest Rate

The interest rate before adjustments for inflation, representing the face value of financial products.

Real Interest Rate

The interest rate that has been adjusted for inflation, showing the real cost of borrowing or the real yield on an investment.

Year 2 Dollars

Year 2 dollars refer to the value of currency adjusted for inflation to a base year's purchasing power, here implicitly indicated as "Year 2."