22. Many people referred to the economic power of cotton as \"King Cotton\" beca

Question

22. Many people referred to the economic power of cotton as "King Cotton" because: (a) Cotton crops reduced economic growth throughout the United States (b) Cotton produced over half of export earnings in the United States (c) Cotton was being replaced by tobacco as the primary cash crop in the United States (d) Cotton was grown only in former British colonies 23. Manumission laws: (a) Allowed slaveholders to take their slaves to free states without losing their slaveholding rights over a slave (b) Allowed slaveholders to educate their slaves in mathematics (c) Allowed slaveholders to contract their slaves out to work for others (d) Allowed slaveholders to emancipate their slaves within certain restrictions 24. The result of Andrew Jackson dismantling the Bank of the United States was: (a) A land speculation bubble and the country's first financial crisis (b) The dissolution of the Coast Guard (c) Less investment in the country's infrastructure (d) More lending to merchants by private banks 25. Prices in the market for slaves were impacted by (a) the demand for products produced by slaves, including cotton (b) the average level of education of the slave (c) the price of a full family of slaves (d) the long-term protections for slave-owners across the south Part Il: Short Essay/Analysis (25 points) In a short written analysis, take a point of view supporting or arguing against Alexander Hamilton's economic plans, focusing on the Assumption Plan and the National Bank. Do this from the viewpoint of a writer in 1790, either taking Hamilton's side or Jefferson's side. Answer this on the blank page provided on the next page.

Explanation / Answer

First question is answered below

22.

Correct option: (b)

Reason: While US was faving heavy competition from British imported goods in both price and quality, its only saviour was Cotton, grown in Southern states, which gave an edge to the US producers and helped them export to British because of low prices. This made cotton one of the major exports from US

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