Word: barter
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Class of 1942: Alan J. Ansen, Woodmere, L. I., N. Y., Eugene S. Austin, Mt. Pleasant, Tenn.; Marvin G. Barrett, Des Moines, Iowa; J. Malcolm Barter, Beverly; Ralph B. Bennett Jr., The Dalles, Ore; Warren M. Cannon, Independence...
...Last August, just before the Nazi-Communist non-aggression treaty was signed, the Soviet Union and Germany concluded a barter trade treaty. Germany gave $80,000,000 worth of credits to be applied to manufactured goods to the Soviet Union; Russia reciprocated with the promise of $72,000,000 worth of raw materials. The exchange was to cover two years...
...with Britain and France has virtually collapsed, and Germany has lost half of all her import & export trade because of the blockade. As a result a German trade mission headed by Dr. Karl Ritter, former Nazi Ambassador to Brazil and largely responsible for the huge pre-war Brazilian-German barter trade, has been in Moscow to make bigger,better arrangements. Last week, as the mission started for home, it was announced that another Nazi-Bolshevik trade treaty had been signed which, Nazi officials boasted, would give Germany all the imports she needs to defeat the purposes of the Allied blockade...
...Germany had 35 billion marks invested abroad. After two years of war (August 1916), she still had nearly that much, and found no trouble in getting credit abroad. Today Germany's foreign credit is practically nil. Anything she imports must be paid for in cash or barter. This difference more than offsets the fact that Germany can now trade with two countries which were her enemies in 1916 -Italy and Russia...
...export surplus, which gave her pounds sterling to use in world markets. The civil war finished all that, but long before Generalissimo Francisco Franco's final victory, Spain had a substitute. Nazi traders moved in in numbers and organized an extensive, mutually satisfactory German-Spanish barter trade...