America In The Early 20th Century

Decent Essays
In the early twentieth century, Europe and the United States imported Manchurian soybeans for oil. Beginning in 1930, however, tariffs protected the American soybean industry. Gradually, soybeans (whole, as meal, and as oil) became the America's primary agricultural export; currently almost half the U.S. crop is sent abroad. This trade is controlled by a handful of powerful international grain companies. The expansion of U.S. (and Argentine) soy exports for human consumption is, however, hampered by concern in Europe (and to a lesser extent Japan) over the safety of GM soy; Brazilian soy is often preferred in these markets. Meanwhile, U.S. soy is making major inroads in the Chinese market, particularly with the entry of China into the World

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