Word: exporter
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Dates: during 1920-1929
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...argument itself there is much truth in it. Italy would be better able to pay if she could export to us more citrous fruits than has been possible under the high tariff, more labor than under the present immigration laws, more wine than under the Volstead Act. How much more she could pay if these restrictions were removed is problematical. But if the restrictions were removed, loud would be the angry cries of the U.S. growers of citrous fruits, of U.S. labor, U.S. bootleggers. The question is the old one: "Do we want to be paid...
Reasons for Leniency. The reason that Senator Smoot and other members of the Debt Commission were willing to grant Italy such lenient terms was simple: They did not believe she could pay more. Her soil is not fertile enough to give Italy a big export surplus of agricultural products. She has very little in the way of natural resources. She has very high taxes and few wealthy people. All she has is cheap labor, and cheap laborers are very poor people from whom to raise taxes...
...collect money from her own people to pay her debts, but how is that money to be transferred across the ocean? Italy has no gold to speak of that she might send. Obviously the payment must be made in goods. But Italy has been importing more than she has exported. Last year her imports were about 50% greater than her exports, and considering only U. S.-Italian trade, Italian imports were nearly 300% greater than exports. Italy's principal exports to the U. S. have been citrus fruits, olive oil, wine, etc. Wine was struck off the list...
Percentage increase in Export Trade from...
Percentage decrease in Export Trade from...