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For similar folly, our own country, in the transition from the colonial period, also paid a fearful price; and from a like catastrophe the United States has been twice saved in our time by the arguments formulated by Turgot.
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Footnote - The very remarkable speeches of Mr. Garfield, afterward President of the United States, which had so great an influence on the settlement of the inflation question throughout the Union, were on the main lines laid down in Turgot's letter
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p.171

 

Andrew Dickson White

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