In your text, the authors state that "competition was the bogeyman of most business leaders" during the late nineteenth century. based on what you have read (and what you have seen in the documentary), what do they mean by this? how did these business leaders respond to the "bogeyman of competition"?

23. how does specialization among nations encourage interdependence? nations work together to share labor and resources to produce vital goods. nations sign treaties prohibiting taxes on imports. nations produce specific goods and then trade to obtain things they need. nations that are more developed agree to fund development in nations with limited industry.