During the postbellum period of U.S. history, (a) the U.S. balance of
During the postbellum period of U.S. history,
(a) the U.S. balance of payments experienced a deficit throughout the entire period.
(b) manufacturing exports became the top foreign exchange earner.
(c) cotton exports continued to be the top foreign exchange earner.
(d) the U.S. never borrowed from foreigners.
ANSWER
(c)
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