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Kisachek [45]
3 years ago
7

The South prospered, but its wealth was very unequally distributed. Upward social mobility did not exist for the millions of sla

ves who produced a good portion of the nation’s wealth, while poor southern whites envisioned a day when they might rise enough in the world to own slaves of their own. Because of the cotton boom, there were more millionaires per capita in the Mississippi River Valley by 1860 than anywhere else in the United States. However, in that same year, only 3 percent of whites owned more than fifty slaves, and two-thirds of white households in the South did not own any slaves at all. Distribution of wealth in the South became less democratic over time; fewer whites owned slaves in 1860 than in 1840.
As the wealth of the antebellum South increased, it also became more unequally distributed, and an ever- smaller percentage of slaveholders held a substantial number of slaves.

At the top of southern white society stood the planter elite, which comprised two groups. In the Upper South, an aristocratic gentry, generation upon generation of whom had grown up with slavery, held a privileged place. In the Deep South, an elite group of slaveholders gained new wealth from cotton. Some members of this group hailed from established families in the eastern states (Virginia and the Carolinas), while others came from humbler backgrounds. South Carolinian Nathaniel Heyward, a wealthy rice planter and member of the aristocratic gentry, came from an established family and sat atop the pyramid of southern slaveholders. He amassed an enormous estate; in 1850, he owned more than eighteen hundred slaves. When he died in 1851, he left an estate worth more than $2 million (approximately $63 million in 2014 dollars).

As cotton production increased, new wealth flowed to the cotton planters. These planters became the staunchest defenders of slavery, and as their wealth grew, they gained considerable political power.”
Use the information from the brief passage above, as well as these assumptions to answer the case study questions that follow.

Assume:
• Prior to the U.S. Civil War, the South had White population of approximately 10 million people
• Prior to the U.S. Civil War, from 1850 to 1860, each year its economy produced approximately $2.6 Billion in collective wealth for its citizens.
• Citizens who did not own slaves made 25 times less income than those who did own slaves.
• The average income for an employed or income-earning White person (who did not own slaves) was approximately $1350.
Case Study #1 Questions:

1. Over the decade before the Civil War, how much of the South’s wealth (in dollars) was controlled by people who owned slaves?

2. How much of the South’s wealth (in dollars) could be attributed to the average non-slave owner per year?

3. In analyzing the wealth distribution between slave owners and non-slave owners, estimate how many unemployed White persons there may have been each year during this time period?

4. If slave owners with plantations of 100 or more slaves controlled 75% of the wealth attributable to all slave owners, what proportion (as a percentage) of wealth did they control compared to non slave owners?
Mathematics
1 answer:
Dimas [21]3 years ago
4 0

Answer:

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Need help what’s the correct answer for this question?
julsineya [31]

Answer:

8

Step-by-step explanation:

A scale factor of 4/5 means that each side length or distance is multiplied by 4/5. 10*4/5=8. Hope this helps!

6 0
2 years ago
The Bridal Shop bought a dress from a supplier for $105 wholesale and applied a 65% markup to the price. If a 7.5% sales tax wer
Novay_Z [31]

Answer:

The correct answer is 149.00.

Step-by-step explanation:

Part = Percent • Whole

Adding a 65% markup to the original price of 105 is simply multiplying the price by the decimal form of the markup, then adding that to the original price. Next, you would find 20% of your sum by multiplying the sum by 0.20. Then you would find 7.5% of <em>that</em> and add this to the price.

Solve:

105 • 0.65 = 68.25                      Find 65% of 105

105 + 68.25 = 173.25                  Add the markup to the price

173.25 • 0.20 = 34.65                 Find the discount of the new price

173.25 - 34.65 = 138.60              Subtract discount from price

138.60 • 0.075 = 10.395             Find sales tax of new price (Or round to 10.40)

<u>138.60 + 10.395 = </u><u>148.995</u><u>         Add sales tax to new price (Or </u><u>149</u><u>)</u>

Because money only goes to the hundredths place, we can either start rounding to that place in the second to last step - rounding 10.395 to 10.40 - or we can round our answer - 148.995 rounds to 149. Either way, we will still get an answer of $149.00.

Hope this helps.

♥<em>A.W.E.</em><u><em>S.W.A.N.</em></u>♥

3 0
3 years ago
Read 2 more answers
A line passes through the points A(n,4) and B(6,8) and is parallel to y=2x-5. What is the value of n?​
Lady_Fox [76]

The slope of <em>y</em> = 2<em>x</em> - 5 is 2. Parallel lines have the same slope, so the slope of the line through the given points <em>A</em> and <em>B</em> is also 2. This means

(8 - 4) / (6 - <em>n</em>) = 2

Solve for <em>n</em> :

4 / (6 - <em>n</em>) = 2

4/2 = 6 - <em>n</em>

2 = 6 - <em>n</em>

<em>n</em> = 6 - 2

<em>n</em> = 4

4 0
3 years ago
C-7.6=-4 what is the value of c
9966 [12]
C - 7.6 = -4
c = -4 + 7.6
c = 3.6
4 0
2 years ago
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Find the gradient of the line segment between the points (2,3) and (-3,8).
fiasKO [112]

Answer:

m = -1

Step-by-step explanation:

Given

Points (2,3) and (-3,8)

Required

Determine the gradient

Gradient (m) is calculated by dividing the change in y values by the change in x values.

i.e.

m = \frac{y_2 - y_1}{x_2 - x_1}

Where:

(x_1,y_1) = (2,3)

(x_2,y_2) = (-3,8)

m = \frac{y_2 - y_1}{x_2 - x_1} becomes

m = \frac{8 - 3}{-3 -2}

m = \frac{5}{-5}

m = -1

<em>Hence, the gradient is -1</em>

7 0
2 years ago
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