After 1888, the United States had unparalleled growth and a favorable balance of trade until ___. After this date, the United States has a negative balance of trade.
A) 1950
B) 1963
C) 1968
D) 1971
E) 1985

Question

Quizplus · Accepted Answer

Between 1888 and 1971, the United States sold more to other countries than it bought from them; that is, the United States had a favorable balance of trade. By 1971, however, the United States had a trade deficit of $2 billion that grew steadily until it peaked at $160 billion in 1987.

After 1888, the United States Had Unparalleled Growth and a Favorable