What group had the most to gain from the Banks Plan?
A) Established planters, who obtained guaranteed labor for little cost.
B) Former slaves, whose labor was compensated for the first time.
C) Residents, who avoided paying taxes.
D) Unionists along the Red River, who were liberated from the Confederacy.

Question

Quizplus · Accepted Answer

Established planters would have had the most to gain from the Banks Plan as it provided them with guaranteed labor for little cost. This would have allowed them to continue their plantation economy without having to pay high wages to laborers.

What Group Had the Most to Gain from the Banks