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In October 1784, an American merchant vessel, the Betsey , was on a trade run from her home port of Boston to Tenerife in the Canary Islands when she was approached by an un-flagged vessel. Suddenly, "sabers grasped between their...
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Getting Ready to Lead a World Economy: Enterprise in Nineteenth-Century America
When Jefferson won the presidency in 1801, his victory had an economic impact as great as the political one. The establishment of the new government under the Constitution twelve years earlier had laid the foundation for an integrated...
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Ordinary Americans and the Constitution
The Constitution is so honored today, at home and abroad, that it may seem irreverent to suggest that for a great many ordinary Americans, it was not what they wished as a capstone of their revolutionary experience. This is not to say...
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The Rise of an American Institution: The Stock Market
On nearly every workday in the United States, if you watch cable news or browse an Internet news site at 9:30 in the morning and 4:00 in the afternoon (Eastern Time), you’ll probably see two utterly unremarkable events covered live....
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