With Europe still recovering from the Great War during the 1920s, American corporations invested massive amounts of money into overseas interests. Identify the statements that describe American international trade during this time.

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History

Lukas Scott

21 January, 05:39

With Europe still recovering from the Great War during the 1920s, American corporations invested massive amounts of money into overseas interests. Identify the statements that describe American international trade during this time.

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Merritt · Answer 1

In the 1920s, the U. S. dollar replaced the British pound as the most important currency of international trade. Approximately 40 percent of the world's manufactured goods were made in the United States in the 1920s.

Explanation:

The American economy during the 1920s increased substantially, allowing Dollar to replace the traditional British pound. This was possible because of the investment in sectors such as the manufacturing and exportation of goods and services. The support given to the European countries was also a great way to increase the American presence in the global economy.