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In gross margin pricing,the markup percentage is based on total production costs.
War With Mexico
Refers to the Mexican-American War (1846-1848), a conflict between the United States and Mexico, leading to the U.S. acquisition of territories in what is now the southwest United States.
Pre-war Mexican Land
Territories that were part of Mexico before wars, particularly the Mexican-American War, after which significant land was ceded to the United States.
Oregon Territory
A historic region on the Pacific Northwest coast of North America, claimed by several countries until becoming part of the United States in the 19th century.
Great Britain
An island in the North Atlantic Ocean that contains England, Scotland, and Wales, which together form the United Kingdom of Great Britain and Northern Ireland.
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