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What Factors Led to the Decline of the First Party

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What factors led to the decline of the first party system?


Definitions:

Social Regulation

Regulations aimed at improving societal welfare by dictating how businesses can operate, focusing on issues like health, safety, and the environment.

Industrial Regulation

Governmental policies and regulations that control or direct economic activity, especially in specific sectors.

Sherman Act

A landmark federal statute passed in 1890 that prohibits monopolistic and restrictive trade practices, thus promoting competition in the marketplace.

Technical Information

Specialized knowledge, details, or data relevant to a specific field or operation, often related to technology, engineering, or scientific research.

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