Blog

Early U.S. Trade Deficits and Industrialization


Abstract: Trade deficits during the country’s first phase of industrialization did not inhibit U.S. development and may have facilitated industrialization.

Keywords: trade deficit; trade balance; industrialization; industrial revolution;

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2020-07-20