Word: exportations
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Dates: during 1940-1949
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Meanwhile the Finns are resigned to keeping on "friendly" terms with Russia, building up their export trade, following a Red-Green domestic policy that has not yet resulted in large-scale nationalization of industry or redistribution of land. The Finns are moving slowly and quietly, like a man tiptoeing for fear he'll wake a rough-&-ready neighbor...
...this was an ironic footnote to Bretton Woods. The Monetary Fund was supposed to prevent currency wars. But its founders were thinking of depression and the export of deflation-i.e., wars to devalue currencies. That kind of a war seemed such a far-off possibility that the nations took their time setting up the Fund. Now it would not be ready to operate for six months. Would a first-class currency war be delayed that long...
...exporters, just getting back on their peacetime feet, were knocked to their knees again last week. Civilian Production Administrator Jack Small admitted that the U.S. will limit export of hundreds more scarce articles. (Tinplate, autos, etc., are already under export quotas...
Since the end of the war CPA has been faced with the problem of domestic v. foreign demand for goods. While OPA lived, the problem was minor. Ceiling prices on exports left too small a margin of profit to suck any large amount of goods away from the domestic market. But with ceilings off, CPA saw trouble ahead. Most world commodity prices are 25% to 100% higher than those in the U.S. There was little to prevent nations with abundant dollar exchange from buying, at fantastic prices, the goods Americans themselves were still short of. So CPA plans to permit...
...plan brought a loud squawk from the Department of Commerce's Office of International Trade Operations. OIT, which would have to administer the CPA plan through export-license control, hated the thought of curbing foreign trade at a time when the U.S, was asking the rest of the world to relax trade restrictions. (Commercial exports in May were $649 million, highest since January 1921.) But there had been no boom since OPA's death. If a boom started, OIT could clamp on controls in 24 hours. In effect, CPA was turning on the hose before the fire started...