The Emancipation Proclamation

question 25

Multiple Choice

The Emancipation Proclamation:

• A) called for a slave uprising
• B) was justified as a military necessity
• C) hurt U.S. relations with Britain and France
• D) immediately freed every slave
• E) reflected Lincoln's changing views on the morality of slavery

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Definitions:

Government's Expenditures

The total amount spent by a government on goods, services, and public projects within a specific period.

Market for Loanable Funds

A theoretical financial market where borrowers and lenders interact, with the loan interest rate being determined by supply and demand for funds.

Capital Investment

The purchase of goods or services by a firm to add to its fixed assets to increase its capacity or efficiency in producing goods or services.

Consumption

The use of goods and services by households, one of the major components of an economy’s gross domestic product, indicating economic health and consumer confidence.