What Effect Did the Union Naval Blockade of Southern Ports

question 67

Multiple Choice

What effect did the Union naval blockade of southern ports have on the Confederacy?

• A) Not much, since commerce continued mostly unmolested.
• B) It quickly choked off southern commercial activity.
• C) It inspired dramatic southern economic growth since the South was forced to become self-sufficient.
• D) Food prices declined as the economy slowed.
• E) It prompted Britain to offer diplomatic recognition to the Confederacy.

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Definitions:

Overconfidence

This is a bias in behavioral finance where investors believe they have superior knowledge or capabilities, leading to overly optimistic assessments of their investment decisions.

Information Precision

The degree of accuracy and reliability of information, especially in the context of financial markets or decision-making processes.

Value-Relevant Information

Information that could impact investors' decisions because it affects the valuation of a company's shares, including financial performance, changes in assets or liabilities, and market trends.

Bearish Sentiment

A market condition where investors expect prices to decline, indicating pessimism about future market direction.