Word: embargo
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...tough luck on the crew, but it was also another million-dollar order. And let Mr. Stoddard consider that the war propaganda was largely generated not by those who wanted to buy, but by those who wanted to sell American products. Mr. Stoddard is kind to those men. An embargo on arms would be perhaps "too heroic a self-denying ordinance." He says we should do as much war-business as "we legitimately can," on gold payment, goods-payment, and short-term credits if necessary. And finally, by maintaining a strong armed neutrality, and at the worst "only entering...
...work of making Germany ready for us. We must soon go home." Then he let out the real reason for the family council. His fortune (estimated at $175,000,000), hard hit by the fall of the dollar and pound, had dwindled sadly. Final blow was Germany's embargo on money except in minuscule amounts. Old Wilhelm was not getting his German rents. His secretaries were commuting between Doom and the Reich, bringing out all the cash the law allowed at each trip. Still it was not enough. In fact, the man whom Germans used to think...
...When one considers the weaknesses of human nature and the realities of international life," said Dean Hindmarsh, "most of the plans for international economic sanctions appear to be extraordinarily potent means for universalizing war and conflict. The use of embargo measures by an allegedly neutral state against one of two opposing belligerents constitutes a breach of neutrality and renders the neutral liable...
...principal difficulty will arise with union; labor. The latter have always fought side by side with the projectionists. Many of the NRA codes could not have stood higher wage levels had it not been for the assurance that the embargo power would be used, if necessary, to keep out products manufactured in countries where lower wages and, by comparison, lower standards of living were in effect...
...holding the prices down for the consumer. Business will be put on its mettle as never before: the theory of competitive tariffs, namely that American producers will be expected to compete with foreign products and will not be always given what has amounted hitherto to the protection of an embargo, will come into its own once more...