In the Pro-Slavery Argument (1837),JohnC

question 57

Multiple Choice

In The Pro-Slavery Argument (1837) ,JohnC.Calhoun stated that slavery was

• A) likely to be adopted by non-slave states within fifty years.
• B) a "necessary evil."
• C) a "positive good."
• D) likely to end in the United States within fifty years.
• E) the "American way of life."

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Definitions:

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net income or loss.

Liability

A financial obligation or amount owed by a business to external parties or individuals.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, representing the cumulative wear and tear or obsolescence of the asset.