Word: exportable
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Dates: during 1930-1939
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...year as compared with a 30% increase for Germany, 1½% for Italy. Except for Franklin Roosevelt's sensational selling tour in 1936, however, the U. S. has been too sensitive to the cry of imperialism at home and abroad to organize a U. S. export trade in ideas...
...some years has been the leading exporter among the nations of the world. . . . We export, on the average, more than one-third of our total production of leaf tobacco, half of our cotton, half of our phosphate rock and between a fourth and a half of our total production of canned and dried fruits. Among manufactured products, we export from a fourth to a half of our total production of sewing machines, printing and bookbinding machinery, office appliances, agricultural implements and aircraft. One out of ten of all American-made automobiles normally goes abroad. . . . Likewise, substantial quantities of our petroleum...
Assistance for U. S. exports was made necessary by three great post-War changes -the building of huge tariff walls, the U. S. shift from a debtor to a creditor nation and the establishment by competing nations of export credit agencies. With almost every foreign nation in debt to the U. S., none had money to buy U. S. products; and the U. S. banking system, developed for a debtor nation, had no machinery for providing foreign buyers with long-term credits. The first Export-Import Bank was created by Franklin Roosevelt in 1934 to fill the need for Russia...
...motorcycle escort, last week was whisked to work in a rickshaw escorted by guards on bicycles. Other Chinese bigwigs were warned to follow the Premier's example of thrift. The Government even discouraged the buying of silk and drinking of tea "as these products should be conserved for export." In a fervent, patriotic convention at Hankow, Chinese political leaders of all factions again pledged unanimous loyalty to Generalissimo Chiang Kaishek. This game but losing commander prepared for the probable retreat of the Chinese Government from Hankow, the great central "Chicago of China" to which they withdrew after the fall...
Aside from extending for two more years the International Wheat Agreement (drawn up in 1933 to limit wheat production and export), the 25 delegates from 16 nations* did nothing last week except view the outlook with much alarm. Conference experts figured that the world harvest, excluding the Soviet Union, China and Manchukuo, would total 4,205,000,000 bu., 216,000,000 bu. above the all-time record set in 1928. Especially ominous was the prospect for the U. S. Once a major wheat exporter (200,000,000 bu.), the U. S. last year sold only...