American Growth and the Balance of Payments, 1820-1913

The basic purpose of Williamson's study is to determine whether the Kuznets cycles, or long swings in the domestic economy, have had any consistent effect on U. S. foreign trade and, as a result, on the nation's balance-of-payments position. The author has chosen the period from 1820 to 1913 and has studied it in detail.

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