California for the Fugitive Slave Law: A Good Choice?

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Historian William W. Freehling asserts that in the Compromise of 1850, "southern congressmen surrendered California to the North in exchange for a new Fugitive Slave Law."
William W. Freehling, The Reintegration of American History: Slavery and the Civil War. (New York: Oxford University Press, 1994), p. 170.>
Do you agree? Was it a worthwhile trade for Southern interests? Why?
 
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