Word: exporting
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Dates: during 1930-1939
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Scarcely less acute was the wheat problem, for which Secretary Wallace is seeking a partial solution in a subsidy scheme under which he hopes to export 100,000,000 bu., about one-fourth the present U. S. surplus. To dump only 26,000,000 bu. abroad in 1934, the U. S. spent $6,500,000. However ingeniously conceived, a similar program now would not only add a neat expense item to AAA's bulging budget but would almost certainly bring a squawk from Secretary of State Hull, champion of reciprocal trade treaties. In addition, subsidized U. S. wheat would...
...would be most useful in getting Jews out of Germany. Already forbidden to take money with them, German Jews were recently forbidden by new Nazi decrees to take even their household goods and movable possessions. They were ordered to pay on such goods as jewelry, furs and furniture, an export tax of 100%. A further decree barred German dealers from bidding on goods auctioned by non-Aryans, and provided that if a Jew, having failed to sell goods at auction, offers them for sale a second time but fails to find a private buyer, they should automatically be forfeited...
Since then the Export-Import Bank. $20,000,000 of whose $21,000,000 capital stock is held by RFC, has lent on three bases: to U. S. exporters of agricultural products, to U. S. exporters whose capital has been pinched by foreign exchange restrictions (i. e., blocked marks in Germany), and, most important, to U. S. exporters who wish to sell capital goods to foreigners who lack cash. Sample deal took place year ago when China bought 20 locomotives and equipment with credits of $1,500,000, half supplied by the Export-Import Bank, half by American Locomotive Sales...
These deals have ranged over the globe from Iran to Venezuela. Henceforth, there is likely to be an increasing volume in South America, for there the export credit bureaus of Germany and Italy have lately raised havoc with U. S. trade by government-sponsored credit leniency. Thwarting these two dictatorships is close to Franklin Roosevelt's heart (see p. 8) and in this instance it fits perfectly with the bank's purpose. Last-week, therefore...
...Export-Import President Pierson, a 40-year-old California lawyer with a sense of humor and a vast love of travel, was pleased to reveal that he had agreed to discount notes of the Haitian Government for $5,000,000 worth of public works to be handled by J. G. White Engineering Corp., that he was discussing a substantial order of railroad equipment for Brazil, that the door was open to South American nations in general...