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In an effort to preserve the balance of power in Congress between slave and free states, the Missouri Compromise was passed in 1820 admitting Missouri as a slave state and Maine as a free state.
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Consumers and Producers=Free-market System
Government Planners=Command Economy
The government and private individuals=Mixed Economy
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The Monroe Doctrine was a foreign policy statement originally set forth in 1823 which created separate spheres of European and American influence. The United States promised to stay out of European business and told the Europeans to stay out of the Western Hemisphere's business.
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