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The history of the lumber industry in the United States spans from the precolonial period of British timber speculation, subsequent British colonization, and American development into the twenty-first century. Following the near eradication of domestic timber on the British Isles, the abundance of old-growth forests in the New World posed an attractive alternative to importing choice timber from the Baltic via the narrow straits and channels between Denmark and Sweden. The easily available timber proved an incredible resource to early settlers, with both domestic consumption and overseas trade fueling demand. The industry expanded rapidly as Americans logged their way across the country.