What was the biggest market in terms of trade and economic growth in the 1800s? (U.S.A)
1 answer:
Agriculture products were the biggest market in terms of trade and economic growth in the 1800s.
- The presence of the large market, open American goods to the outside world where there was a demand for these products.
- Land area increased in the first half of the nineteenth century in America.
- The rise in agricultural land and decline in transport cost raised the supply of U.S. farming products to Europe.
- The existence of the market encouraged the expansion of agriculture, land and capital.
- It also encouraged immigration from western Europe.
Therefore we can conclude that agriculture products were the biggest market in the 1800s.
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