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Revolutionary changes that furthered the growth of industry included the railroad, diesel engines, the assembly and
Imports
Goods and services purchased from other countries, bringing them into the domestic market for consumption or input into further production.
Exports
Goods or services sold by one country to other countries on the international market.
Gold Standard
A monetary system in which the standard economic unit of account is based on a fixed quantity of gold.
Drawbacks
Drawbacks are disadvantages or negative aspects of a situation, plan, or product that may not make it as favorable as it seems.