Internal trade simply involves a distribution of products produced ..external or foreign trade is a system of barter between nations. Each has something to sell and desires to purchase something. The sales may take the form of goods or services or both. By services is meant amounts realized from shipping. banking. Insurance. tourist expenditures. and immigrant remittances. Capital loans. which means selling on a credit. are also a factor. Imagine the collapse in all industry if the United States could not expoit and sell her vast surpluses of cotton. tobacco. mineral oils. wheat. automobiles. lard. coal. copper. and an immense quantity of finished manufactures.
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