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The returns from cotton monopoly powered the modernization of the rest of the American economy, and by the time of the Civil War, the United States had become the second nation to undergo large-scale industrialization. In fact, slavery’s expansion shaped every crucial aspect of the economy and politics of the new nation – not only.

Edward E. Baptist Quote: “The returns from cotton monopoly powered the modernization of the rest of the American economy, and by the time of the Civil War, the United States had become the second nation to undergo large-scale industrialization. In fact, slavery’s expansion shaped every crucial aspect of the economy and politics of the new nation – not only.”
Edward E. Baptist Quote: “The returns from cotton monopoly powered the modernization of the rest of the American economy, and by the time of the Civil War, the United States had become the second nation to undergo large-scale industrialization. In fact, slavery’s expansion shaped every crucial aspect of the economy and politics of the new nation – not only.”
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