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Combine the water, molasses, and yeast, set aside to proof for 10 minutes.
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Mix all of the dry ingredients together.
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Add all of the wet ingredients (including the olive oil) to the dry, and mix untill you have a shaggy dough.
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Let the dough rest, covered, for 20 minutes, then knead till fairly smooth.
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Allow the dough to rise, covered, for 2 hours, or until it's nearly doubled in bulk.
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Gently deflate the dough, shape it into a log, and place it in a lightly greased 8 1/2 x 4 1/2-inch bread pan.
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Cover the pan with and allow it to rise for about 1 hour, till it's crowned about 1 inch over the rim of the pan.
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Bake the bread in a preheated 350°F oven for 25 minutes.
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Tent it lightly with aluminum foil and bake for another 20 minutes.