Although the Democratic Party Dominated State Politics for Much of the Twentieth

question 20

Multiple Choice

Although the Democratic Party dominated state politics for much of the twentieth century, by the 1950s it faced internal divisions between ________ and ________ Democrats.

• A) liberal; conservative
• B) moderates; liberal
• C) conservative; moderate
• D) Blue Dog Democrats; Yellow Dog
• E) liberal; populist

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Definitions:

Dividends

Payments made by a corporation to its shareholders from its profits or reserves, usually in the form of cash or additional shares.

Recognized Gain

An increase in the value of an asset that has been sold or deemed to have increased in value officially on financial statements.

Selling Price

The amount for which a product or service is sold, not necessarily equal to the cost or intrinsic value of the item.

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as the original cost minus depreciation or amortization.