ABSTRACT
The year 1872 marked the apex of a big boom in Anglo-American trade. Both our exports to, and our imports from, the States had risen after 1869, but the latter reached their highest point in 1871, 1 whereas the former continued to rise till 1872. The total rise, including bullion, was 60 per cent., without bullion a little less; and if variations due to movements in prices and population are eliminated, the percentage of increase was a little less than twenty. This is one of the most important expansions in the history of Anglo — American commerce.
