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Missouri applied to become a slave state but half of the state did not agree.If Missouri became a free state the balance bewteen all the slave and non-slave states would be uneven,and could end up in war.
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It specified that slavery should be prohibited in lands that might be aquired from Mexico.But instead many of the people wanted to have slavery in Calofornia and New Mexico.
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The compromise was a settlement of issues dividing congress and it's states.If that were to happen, there would be more free states that slave states.
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It was the peoples decision to choose if Kansas and Nebraska would become free states or slave states,which could end up in a bloody killings of eachother.The importance was if the become free states then the balance would be uneven bewteen the free and the slave states.
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People were fighting over the decision if Kansas should become a slave state or a free state.The decision was so important that many people were killing eachothers for their rights.Kansas passed the law to become a free state.