Word: copper
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Dates: during 1930-1939
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Among commodities that rose in price were most of the metals. Copper soared from 13? a pound in early 1914 to 35? in 1917. But as wheat, sugar and copper went up, cotton (little of which was used for gun cotton) fell from 13? a pound to 8? in six months. Coffee and tobacco followed the price pattern set by cotton. Cotton piled up in U. S. warehouses, coffee clogged the docks of Santos in Brazil...
...different was the war experience of Chile. Her big exports were nitrates (essential for explosives) and copper, another important war necessity. After the first disruption of the War gave her a bad setback in the fall of 1914, she rode on the crest of the wave. Her Government, which depended largely on export duties, was flush. Her mines prospered. Her export balance, which amounted to $300,000,000 in 1913, jumped to over $1,500,000,000 in 1917. In the four years of the War her export balances reached...
...Took half ($22,035,000) of her scrap iron sold last year and, in the first five 1939 months, $45,710,000 worth of oil and gasoline, copper and machinery, autos, trucks and parts...
...Supplied her with 70.4% of her scrap iron and steel, 60.5% of her oil and gasoline, 41.6% of her pig iron, 92.9% of her copper, 48.5% of her machinery and engines, 91.2% of her autos, trucks and parts (latest available figures...
...would put a serious crimp in Japan's manufacture of guns and other weapons. With very little scrap iron available outside of the U.S., Japan would have to buy expensive iron and steel or iron ore. For her other U.S.-supplied war materials (oil and gasoline, pig iron, copper, machinery and engines, autos, trucks and parts) Japan could go elsewhere, but not to advantage. To be unable to buy parts for her U.S.-made trucks, etc. might be embarrassing to Japan, especially if Canada (which has U.S. motor subsidiaries) should also clamp down. To U.S. manufacturers such an embargo...