Word: exporting
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Dates: during 1940-1949
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...invitation of the Department of Commerce, some 400 exporters gathered in Washington last week to learn about the Government's export controls imposed on Jan. 2. For 1¼ hours, they sat in Commerce's walnut-paneled auditorium listening to an explanation of the new rules by Francis E. Mclntyre,.deputy director of the Office of International Trade. Just before the party ended, the exporters got a press release. It tersely announced that the program which they had been discussing was being reinforced by a drastic new program, effective March 1. From that date on, said the release...
...Pier F in Jersey City, dock workers were loading 26 big cases, marked "Used Industrial Machinery," into the American Export Lines' Executor. The twelfth case slipped from the loading fork, crashed six feet to the concrete floor, and split open. Trying to repair the case, cooper Raymond Grimm found inside a package holding 50 one-lb. tins of TNT. They were labeled "U.S. Corps of Engineers-TNT-For Front Line Demolition Only." Customs men opened 25 other cases, found a total of 65,000 lbs. of TNT. Later in a warehouse in The Bronx, New York City police found...
...Plan meant that the export boom was not going to collapse; foreign nations were going to get the cash to keep the boom going. The U.S. hoped that with the European Recovery Program other nations would get on their feet again, and by their own production close the gap in foreign trade. Result: those in the U.S. who had patiently held off their buying, waiting for the drop in exports to ease the pressure on prices, had to jump back into the market...
...would get more outside help in supplying food, the burden that had put the greatest strain on the U.S. There were good crops in Australia and Argentina, and even hope that Europe, after eight years of bad crops, would have a normal harvest. The peak of the export boom had passed and, with a loosening of raw materials all around, there would be more goods for the U.S. in 1948. While the U.S. still worried over finding some magic nostrum to curb inflation, some slight curbs were already at work. Credit was being tightened up; the Federal Government was running...
Actually the only magic nostrum was more production, which would help the world to help itself. Looking at the export-import gap, no trader could soundly think that this was going to be an easy job. In 1947, the U.S. had made a tiny down payment on the job of reviving world trade. It had agreed to cut tariffs. Tariff cutting was meaningless unless other nations were able to make the goods to sell the U.S. And 1947 had shown that the gap between what they received and what they shipped was too big to cross without a new kind...