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For This Question,refer to the Following Excerpt

question 60

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For this question,refer to the following excerpt. In all social systems there must be a class to do the menial duties,to perform the drudgery of life....Such a class you must have,or you would not have that other class which leads progress,civilization,and refinement.It constitutes the very mud-sill of society and of political government....Fortunately for the South,she found a race adapted to that purpose to her hand.A race inferior to her own,but eminently qualified in temper,in vigor,in docility,in capacity to stand the climate,to answer all her purposes.We use them for our purpose,and call them slaves....
The Senator from New York [William Seward] said yesterday that the whole world had abolished slavery.Aye,the name,but not the thing;...for the man who lives by daily labor,and scarcely lives at that,and who has to put out his labor in the market,and take the best he can get for it;in short,your whole hireling class of manual laborers and "operatives," as you call them,are essentially slaves.The difference between us is,that our slaves are hired for life and well compensated;there is no starvation,no begging,no want of employment among our people,and not too much employment either.Yours are hired by the day,not cared for,and scantily compensated,which may be proved in the most painful manner,at any hour in any street in any of your large towns....
South Carolina Senator James Henry Hammond,Speech to the Senate,March 4,1858
The excerpt above would best support which of the following historical arguments?


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Required Rate

The minimum return an investor expects to achieve by investing in a project or purchasing an asset, often used in capital budgeting to evaluate potential investments.

Growth Rate

The rate at which a company's sales, earnings, dividends, or other key metrics increase over a specified period of time.

Annual Dividend

The annual sum of dividends received by a shareholder for each share of stock owned.

Required Return

The minimum profit or yield that investors expect to receive on an investment, factoring in its risk.

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