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Which of the following is not assumed by those who believe in the race to the bottom?
American Cotton
A key agricultural product of the United States, historically pivotal to the economy, particularly in the Southern states, and a central factor in the history of slavery and industry.
Federal Reserve
The central banking system of the United States, established in 1913 to provide the nation with a safer, more flexible, and stable monetary and financial system.
Paper Money
Currency in the form of banknotes that is issued by a government or central bank and has legal tender status, representing a physical form of a country's or region's economy's currency.
Whig Campaign
Political strategies and efforts used by the Whig Party, a political entity in the United States during the mid-19th century, which opposed the policies of the Democratic Party and advocated for modernization and economic protectionism.
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