The Cherokees' Decision on Whether to Side with the North

question 59

Multiple Choice

The Cherokees' decision on whether to side with the North or South during the Civil War was based on

• A) Northern reservation policies.
• B) the fact that the tribe also owned slaves.
• C) promises by the Lincoln administration to continue making payments to the tribe.
• D) the invitation by Union leaders to send tribal delegates to Congress.
• E) the offer of a large cash payment in return for military support.

Identify the factors leading to economic expansion and contraction.

Comprehend the role of consumer demand in economic cycles.

Understand the impact of unemployment on the economy.

Grasp the significance of per capita income and GDP in assessing economic health.

---

Definitions:

Net Income and Losses

The financial result for a period, calculated as the difference between total revenues and total expenses. If positive, it is net income; if negative, it is a net loss.

Creditors' Claims

The rights of creditors to demand payment from a debtor or the debtor's estate.

Noncash Assets

Assets that are not in the form of cash or cannot be easily converted to cash, such as real estate, equipment, and intellectual property.

Liquidation Expenses

Costs associated with winding up a business's operations, including paying off debts, selling assets, and distributing the remaining assets to shareholders.