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This study brings together under the heading of business history an account of the development of leading American financial, commercial, agricultural, transportation, and manufacturing enterprises during the period from the settlement of the colonies to the beginning of the twentieth century.
In a final analysis and evaluation of the Democratic and Whig programmes, Douglass concludes that neither was adequate in itself to provide the freedom desired by the new nation but that the merging of the two laid the foundation for modern American democracy.
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