Word: exportations
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Dates: during 1940-1949
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...rueful one-word reply: "Bruises." A New Deal stalwart for 17 years, ex-Investment Banker Taylor picked up many a bump as Assistant AAAdministrator, Assistant Secretary of the Treasury, Under Secretary of Commerce (he directed the famous wartime eviction of Sewell Avery from Montgomery Ward), and president of the Export-Import Bank...
...short, sharp paragraphs, the report dispelled any idea that the dollar shortage is something new; it started 35 years ago and has grown steadily worse ever since. Between 1914 and 1949, America's exports exceeded her imports by $101 billion. This "socalled favorable balance of trade," said the report, was largely paid for by $68 billion in Government loans & grants to Europe and more than $10 billion in private gifts. These grants "have in effect been unconscious subsidies to American export industries" at the expense of American taxpayers. The subsidies could be eliminated, or at least cut, only...
...regulations. One horrible example: An importer of women's coats could not get his goods through Customs because U.S. officials were unable to decide whether the import duty should be levied on the cloth or on the coat buttons. EUR) European countries must relax or abolish all import-export controls as quickly as possible and stop penalizing exporters, as Britain has, by putting an extra tax on export profits...
...kind of slot machine without banning them all. A machine built to sell candy bars could just as easily sell contraceptives provided they were wrapped in the same package. Besides, said the ministry, slot machines of all types were an important item in Britain's export program...
Last week Chile got fresh help from the U.S.: a $25 million Export-Import Bank credit. It would tide the Chileans over the slump in copper prices that knocked a hole in the government's expected revenues for 1949. Moreover, by making money available to pay for U.S. heavy equipment and materials, it would enable González to go forward with his program of economic development...