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Shifts in U.S. Trade Balance and Industrialization
Abstract: As the U.S. has industrialized, changes in comparative advantage relative to those of other nations have led to periods of persistent trade surpluses and deficits.
Keywords: trade deficits; trade surplus; trade balance; industrialization; industrial revolution;
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https://www.stlouisfed.org/on-the-economy/2020/july/shifts-us-trade-balance-industrialization
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2020-07-21