Initially, you might want to look at how little America does produce- what could we even offer to a nation that produces almost everything. Another reason why Americans may be at a disadvantage with trading with China is due to our HUGE trade deficit- we owe so much money. On top of that, taxes on things being traded can be used against nations, if we traded with China and they raised the tax on imports than it could impact us very negatively.
Some common problems they faced is that they both expanded their lands and had trouble controlling the old and new territories.
Hope this helps!
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T<span>he term “supply-side economics” is used in two different but related ways. Some use the term to refer to the fact that production (supply) underlies consumption and living standards. In the long run, our income levels reflect our ability to produce goods and services that people value. Higher income levels and living standards cannot be achieved without expansion in output. Virtually all economists accept this proposition and therefore are “supply siders.”</span>
During world war 2? They were started to get weaker when the Americans and Russians started in. Many of the high ranking Nazi went into hiding. They were struggling for a long time before they did.
