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Additional Redesigns

FROM LINCOLN TO FDR

The conventional history of Lincoln and his mid-nineteenth-century Republican Party focuses on what is by far most important. Ending slavery. Preserving the United States. The Civil War.

But there was more. There was also economic redesign.

Hamilton and his followers did not set the economic framework once and for all and then consign the shape and fate of the economy evermore to the market—the market as they had built it with tariffs, support for transportation infrastructure, high finance, and subsidies for interesting technologies like interchangeable parts—so major redesigns have followed ever since. ...

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