9781422282861

The Galesburg Antique Mall, where the last Maytag refrigerator to come off the town’s assembly line can be seen.

WORDS TO UNDERSTAND capitalist: relating to the free-market system based on private ownership of the means of production. communism: political and economic system in which the state controls the means of production. devaluation: lowering of the value of a nation’s currency. infrastructure: large-scale public systems and services, such as roads and water supplies. liberalized: relating to economic competition free from government restraint. tariffs: duties, or fees, levied by a government on imported or exported goods.

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TRADE, ECONOMIC LIFE, AND GLOBALIZATION