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In 1840 the American Colonization Society, due to poor financial management and planning, was going bankrupt. Seeing Liberia as the source of their problems, they asked the colonists to declare an independent nation and relieve themselves of their African territories. This would lead to Liberia's first referendum in 1847 to determine whether it would want to become independent from the United States.

On October 26, 1846 a referendum was held to determine if the colony should become an independent nation. Despite the urgings of the ACS, the results were very close with only 51.8% supporting independence.

So, what if, the referendum had failed and Liberia had not declared independence?
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