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Romanticism in the arts was primarily a phenomenon of the first half of the nineteenth century while Realism was mainly a manifestation of the latter nineteenth century. Were there any relationships of those two movements to the political, social, and economic developments of the century? If so, which?
Manufacturing Base
The sector of an economy that is involved in the production of goods in large quantities, utilizing labor and machines.
Trade Deficit
An economic measure where a country's importation of goods exceeds its exportation, reflecting a net outflow of domestic currency to foreign markets.
Merchandise Balance
The difference in value between a nation's imports and exports of tangible goods.
Services Balance
A measure of the difference between a nation's exports and imports of services, part of the broader current account balance.
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