Draw on Lectures 3&5 and associated readings. Consider Lecture 3 where we discussed the Golden Age of Trade (1870-1913) and how Furtado analyzed areas that exported tropical crops, temperate crops, and minerals. Also consider Lecture 5 on International Trade and Development. How did trade foster growth during the Golden Age of Trade? Why did structuralists/ dependency theorists like Furtado and Prebisch believe that exporting primary products would result in low levels of development? What happened to these kinds of exports during the Great Depression? What kinds of primary products did your country export during the Golden Age of Trade? How did it work out for them during the Great Depression?
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