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Lincoln

What does Lincoln mean by compensated emancipation?

Slave-holders are compensated for freeing slaves.
Slaves are paid to leave slave-holding states.
States are paid to increase slave-holding.
The military is compensated for hiring slaves.

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Explanation:

Compensated emancipation was a method of ending slavery, under which the enslaved person's owner received compensation from the government in exchange for manumitting the slave. This could be monetary, and it could allow the owner to retain the slave for a period of labor, an indenture.

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