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Highlights: (519 words) |
 | It was the first rail line founded by the state and owned predominantly by it, and the company—together with its predecessors— would play a pivotal role in North Carolina’s economic development. |
| The North Carolina Railroad Company was created by the General Assembly in 1848, although efforts had begun as early as 1833 to pass legislation to sponsor a railroad. |
| The 1848 plan stated that the state would purchase $2 million in company shares while another $1 million would be sold to the public. |
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1848 - Wikipedia, the free encyclopedia (1412 words) |
| February 2: The Treaty of Guadalupe Hidalgo is signed, ending the Mexican–American War and ceding all the Republic of Texas's territorial claims to the United States for $15m. |
| The Revolutions of 1848, a series of widespread but mostly failed struggles for more liberal governments, from Brazil to Hungary. |
| September 12 - One of the few successes of the Revolutions of 1848, the Swiss Federal Constitution, patterned on the US Constitution, enters into force, creating a federal republic and one of the first modern democratic states in Europe. |
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