Roosevelt Supported the Repeal of Prohibition Because

question 40

Multiple Choice

Roosevelt supported the repeal of prohibition because

• A) he thought it was unconstitutional.
• B) he believed the problem of drunkenness could be solved by restricting alcohol content to 3.2 percent by weight.
• C) he thought that it afforded the opportunity to raise needed federal revenue and provide jobs.
• D) he needed support from the repeal movement to gain reelection.
• E) drys: those who opposed alcohol: were an increasingly small segment of the population.

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Definitions:

Normal Markup

The standard increase over cost that a business applies to its products or services to determine the selling price.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on a proportion of its profits.

Gain Recognition

The process of recording increases in asset value, typically when assets are sold for more than their book value.

Consolidated Income Statement

A financial statement that combines the income, expenses, and profits of a parent company and its subsidiaries to present the overall performance.