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Why Did the Elections of 1856 and 1860 Not Only

question 52

Essay

Why did the elections of 1856 and 1860 not only fail to resolve the sectional crisis over slavery, but make it worse?


Definitions:

Money

Any item that is generally acceptable to sellers in exchange for goods and services.

Present Value

The worth today of a sum of money or cash flow expected in the future, using a specified rate of return for the discounting process.

Compounds

Substances formed by the chemical combination of two or more elements.

Real Hourly Compensation

The wages received by a worker, adjusted for inflation, reflecting the actual purchasing power of the earnings.

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