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GMAT Prep Passage 01 | Question # 3

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GMAT Prep Passage 01 | Question # 3

Post Sun Oct 09, 2016 11:32 pm
Planter-legislators of the post-Civil War southern United States enacted crop lien laws stipulating that those who advanced cash or supplies necessary to plant a crop would receive, as security, a claim, or lien, on the crop produced. In doing so, planters, most of whom were former slaveholders, sought access to credit from merchants and control over nominally free laborers--former slaves freed by the victory of the northern Union over the southern Confederacy in the United States Civil War. They hoped to reassure merchants that despite the emancipation of the slaves, planters would produce crops and pay debts. Planters planned to use their supply credit to control their workers, former slaves who were without money to rent land or buy supplies. Planters imagined continuation of the pre-Civil War economic hierarchy: merchants supplying landlords, landlords supplying laborers, and laborers producing crops from which their scant wages and planters' profits would come, allowing planters to repay advances. Lien laws frequently had unintended consequences, however, thwarting the planter fantasy of mastery without slavery. The newly freed workers, seeking to become self-employed tenant farmers rather than wage laborers, made direct arrangements with merchants for supplies. Lien laws, the centerpiece of a system designed to create a dependent labor force, became the means for workers, with alternative means of supply advances, to escape that dependence.

3. The passage suggests which of the following about merchants in the post-Civil War southern United States?
A. They sought to preserve pre-Civil War social conditions.
B. Their numbers in the legislatures had been diminished.
C. Their businesses had suffered from a loss of collateral.
D. They were willing to make business arrangements with former slaves.
E. Their profits had declined because planters defaulted on debts for supply advances.

OA: D

All questions from this passage -
GMAT Prep Passage 01 |Quetsion #1
GMAT Prep Passage 01 |Quetsion #2
GMAT Prep Passage 01 |Quetsion #3

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Top Member

richachampion Legendary Member
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Top Reply
Post Mon Oct 10, 2016 12:29 am
This looks like a detailed question. Experts please verify this question will be categorized in which category?

3. The passage suggests which of the following about merchants in the post-Civil War southern United States?

Quote:
A. They sought to preserve pre-Civil War social conditions.
They were not involved in creating such strategies or influence the society.


Quote:
B. Their numbers in the legislatures had been diminished.
I couldn't find this in the passage.

Quote:
C. Their businesses had suffered from a loss of collateral.
Again Completely OFS

Quote:
D. They were willing to make business arrangements with former slaves.
Credited Response.
Quote:
E. Their profits had declined because planters defaulted on debts for supply advances.
Again Completely OFS


OA: D

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Target Score: 760+
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2. Contact me if you are not improving. (No Free Lunch!)

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