Word: exporter
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Dates: during 1920-1929
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Evidently, then, the more we owe abroad, the better it is for our manufacturers, for they are enabled to export more. And every dollar that we pay Americans for carrying our goods is that much lost purchasing power for our foreign customers. Were shipping as efficient (profitable) a way of investing capital as manufacturing, this would involve no loss to the country. But the hard struggle to meet foreign competition which our ship owners have had for half a century shows that shipping is no longer an industry in which we have a "comparative advantage". Why, then, invest our money...
...higher than those of Philadelphia and Baltimore. When the differential was inaugurated, it was counteracted by a sea differential making ocean rates from Boston correspondingly less. Now the latter has been removed, and the rate from all American ports to foreign ports made the same. Therefore the cost of exporting through Boston is higher, and the inevitable result is a diverting of export commerce from Boston to the other ports. With the decline of exports must come a similar decline in imports. Hence comes a slackening in railroad traffic and a handicap on the New England lines. There...
...International Trade, first in my mind comes the necessity of developing the International American. We may produce economically; we may obtain a surplus for export; but before American International Trade can be satisfactorily carried on, we must develop the American who is learned in the demands, needs and practices of other nations...
...most optimistic estimates indicate that only a negligible fraction of the sum due from Germany can be obtained from duties on German exports and imports," he continued. "The further attempt to collect from importers a part of the price paid for German goods cannot possibly succeed. It cannot be fitted in to the general mechanism by which foreign trade is financed. It would put new and formidable obstacles in the way of the development of that export trade upon which Germany's ability to make Reparation payments depends...
...months which have elapsed since the peak of the credit stringency have witnessed a much less substantial decline in market rates than occured after previous crises in this country. For this there are several reasons. The drastic liquidation in commodity markets and the serious difficulties in certain export markets have made it necessary to "carry" many borrowers for more or less extended periods--a process not yet completed. Moreover since this was accomplished largely with the aid of the federal reserve banks, the extrication of these borrowers from their difficulties does not release an equal amount of funds for other...