Word: exportable
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Dates: during 1930-1939
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...crop loans to farmers who restrict their acreage, the Senate gave him: i) $225,000,000 for parity payments (to recompense farmers for the difference between present prices and the higher prices of "normal" years), and 2) $203,000,000 (instead of $90,000,000 asked) to subsidize the export of crop surpluses...
...free zones for a refinery and a shipping point; 3) a 3O-year monopoly to supply Paraguayan oil requirements; 4) freedom from taxes and levies on shipments from the Bolivian refinery. Since Paraguay uses little oil, main purpose of the treaty was to provide Bolivia with an export outlet to the European market (for which she fought Paraguay unsuccessfully in the Chaco War), making possible the German deal Senor Foianini announced last week. Looking a long way ahead, he generously agreed in return to sell to Paraguay at cost the German-built refinery...
...Lending Agency would consolidate ten independents: RFC, Disaster Loan Corp, RFC Mortgage Co., Federal National Mortgage Association, Electric Home & Farm Authority, Federal Home Loan Bank Board, Home Owners' Loan Corp., Federal Savings & Loan Insurance Corp., Federal Housing Administration, Export-Import Bank of Washington...
...expected 5,000,000 more summer visitors than usual. The $100,000.000 worth of materials used in building the fair have come from every corner of the U. S. Labor has benefited by some 96,000,000 man-hours. American Express Co. reports an 8 to 10% increase in export and import freight due to the fair. Railroads, airlines, busses joyously await "the greatest travel movement in history...
Well aware was Franklin Roosevelt that this proposal conflicts with New Deal trade philosophy. By a similar plan, Adolf Hitler has so affronted the Administration that last month Secretary Morgenthau clapped an extra 25% duty on German exports proved to have been subsidized. Secretary of Agriculture Henry Agard Wallace is on record as opposing cotton export subsidies (although Federal Surplus Commodities Corp. has since July 1938 dumped 67,000,000 bushels of wheat abroad). But last week Cordell Hull and Henry Wallace no less than Franklin Roosevelt felt that King Cotton, overloaded by a bumper 1937 crop...