Word: barter
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...reason for Germany's desperate need to sell more goods abroad was clear last week when Germany's foreign trade figures for the first nine months of 1938 were published in Berlin. In 1937, largely due to Reichsbanker Schacht's barter trade methods and subsidies to export industries, Germany was able to build up a favorable balance of 422,000,000 marks ($168,000,000). In 1938 this favorable balance has been wiped out and Germany's imports have grown to 398,000,000 marks ($159,200,000) more than her exports. Over half of this...
...territory of the Third Reich. That their missions had caused the Chamberlain Government to give its political and economic policies a second thought was evident. Significantly, Robert S. Hudson, secretary of Britain's Department of Overseas Trade, rose in the House of Commons last week, condemned the German barter trade methods in eastern Europe, and served notice that Britain would "fight and beat Germany at her own game...
Last week the Mexican Government, which has been shipping expropriated oil to Nazi Germany on a barter trade basis, agreed to take more than $2,500,000 worth of German oil refinery equipment in exchange...
...money" to keep their Jewish relatives in the Reich from going too hungry or too cold. The dollars, pounds, francs to be secured by thus "shaking down the whole Jewish race" (as some Nazis term it) are wanted to pay for such vital imports as Germany cannot get by barter deals. The Schwarze Korps, influential Nazi newsorgan of Adolf Hitler's personal Elite Guard and the Blackshirt Storm Troops, has openly hinted at the burgeoning of this gangster-blackmail scheme for several years...
...Frank Theis prepared to sail for Rio, rumor circulated that he was going to trade U. S. wheat for Brazilian coffee. The U. S. has heard a lot lately about European, particularly German, barter with South America and Mexico (machinery for oil and crops); so it seemed reasonable for U. S. traders to defend themselves with similar tactics. But last week the Brazilian Government emphatically denied the rumor. President Getulio Vargas announced that the Government's new coffee policy (like the -U. S., Brazil found crop limitation a failure, now ruthlessly dumps its coffee surplus abroad) had been...