International Trade Financial Documentary
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EnglishVoice Age
Young Adult (18-35)Accents
North American (General) North American (US General American - GenAM) US African AmericanTranscript
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In the beginnings of international trade, the older countries exchanged their products for the raw materials and food produced by the new ones. Then, as immigrants from the old countries got out into the new ones, they wanted to be supplied with the comforts and appliances of the older civilizations, such as to take an obvious example, railways. But as the productions of the new countries at their earliest stage of development do not suffice to pay for all the material and machinery needed for building railways they borrow. In effect, these materials, in the expectation that the railways will open out their resources, enable them to put more land under the plow and bring more stuff to the seaboard to be exchanged for the products of europe.