Question

With Europe still recovering from the Great War during the 1920s, American corporations invested massive amounts of money into overseas interests. Identify the statements that describe American international trade during this time__________

Answer 1

Answer:

The British Pound which had dominated international trade for centuries due to vast influence of the British Empire got replaced by the United States Dollar after the First World War when it became the dominant currency for international trade.

Explanation:

The United States had become a manufacturing powerhouse in the 1920s, so much so, that roughly 40% of all goods manufactured in the world at the time were being produced in the United States.