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... were still underway when a crisis quietly emerged. The overproduction of the capitalist world had spilled over into the market, and in order to offload their excess stock, British capitalists intensified their dumping in countries around the world.

The Americans were the first to suffer the consequences. Even though Franz’s butterfly effect diverted a portion of international capital to Austria, it could not resolve the crisis in the United States.

From 1848 to 1858, Americans b ...

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