Word: exportable
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Dates: during 1930-1939
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Under Chief Thorp the bureau will become more of a Home Guard than a Foreign Legion. President Roosevelt's new instructions called not for quick export orders but for "emphasis on basic research applying particularly to problems such as the estimating of production and consumption, the growth of productive capacity, the expansion of industry in terms of equipment, markets and employment, machinery depreciation and obsolescence, the future of American foreign trade and a wide range of similar topics." Rather than rustling up export orders, Dr. Thorp's efforts were designed to give ''a better sense...
...Foundation. It was called the Committee on Russian-American Relations and its membership included such potent figures as Morgan-Partner Thomas W. Lament, whose son Corliss is a near-Communist; Harvard Economist Frank W. Taussig; Lawyer Paul D. Cravath, a Russian recognitionist; President James D. Mooney of General Motors Export Co., whose trading field is the world at large; Dean Roscoe Pound of Harvard Law School, a liberal of the first water; Engineer Hugh L. Cooper who built the Dnieprostroy Dam for U. S. S. R. Modestly buried away in the middle of the committee list was the name...
...agreement also would provide that no additional direct or indirect subventions should be introduced for the expansion of export industries, or discriminatory trade methods, or measures to promote dumping...
...Chamberlain: "Some time ago I decided it would be necessary to make an addition to the reserve of the account and later I propose to ask the House of Commons to grant it. ''There is no connection between the American action in restoring the embargo on the export of gold and the increase in our exchange [fund] which was decided upon long before we had any conception that the United States Government might abandon the gold standard. . . ." These were soft words for foreign consumption. Hardly was the speech finished before Lombard Street tipsters were insisting that the present...
...gold standard and headed it in the direction of currency inflation. There was no formal statement and the newshawks, scribbling frantically to catch his husky words, were warned that they could not direct-quote the President. But there was the stark fact: the President was embargoing the export of gold. It meant that the dollar, no longer convertible into gold, would have to shift for itself in foreign exchange and seek its own level downward. Was this a sudden decision by the President? No, he had planned the embargo order four days before. What was his primary purpose? To raise...