Chapter 22
Chapter 22
Chapter 22
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II. Foreign Trade Expansion<br />
• Key factor in post-1865 economic growth<br />
• Exports & investments abroad surge (Figure<br />
<strong>22</strong>.1)<br />
• USA achieve favorable balance of trade (1874)<br />
• Most US exports to England, Europe, Canada<br />
• Trade with Latin America & Asia also increase<br />
• Farmers & some manufacturers (Singer)<br />
depend on exports<br />
• 1913: factory exports surpass farm exports for<br />
1st time, & USA surpass other nations (Figure<br />
<strong>22</strong>.2)<br />
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