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What Was the "American System of Manufacturing"? Why Did It

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What was the "American system of manufacturing"? Why did it intrigue Europeans? What were its advantages?


Definitions:

Foreclosure

The legal process by which a lender seizes and sells a property after the borrower fails to meet the terms of the mortgage.

Crisis

A critical, potentially destabilizing situation requiring a decision or change, often leading to significant personal or collective development.

Commitment

The state or quality of being dedicated to a cause, activity, or relationship.

Coherent Conception

A clear and logically connected idea or understanding of a complex aspect or entity.

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