Word: exports
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Dates: during 1930-1939
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...program of rock-ribbed gold standardism (seep. 21). The gold cover behind French currency stood at over 80%. Even so, psychological pressure was great. After-effects of the French crisis fortnight ago kept the currencies of four gold bloc countries (France, Belgium, Netherlands, Switzerland) fractionally below the gold export point all week. President Roosevelt, by relaxing completely the lax treasury restrictions on export of U. S. capital, convinced Europeans that the U. S. is now a better place to which to send their money than heretofore...
...experts into two distinct schools of thought. One camp maintains that it will be the starting gun for an international inflation race and that commodities and stocks will rise abruptly. The other group holds that it will be a severe economic shock and result in declines because our favorable export trade is dependent on a cheap dollar, which will then be a thing of the past. Again you pay your money and take your pick...
Since Soviet Russia imposes an export duty on furs, caviar, antiques and such (unless bought with foreign currency at Torgsin stores), Moscow acclaimed Istanbul's act of justice. "We know," said a Soviet customs official, ''that nearly all diplomats accredited to U. S. S. R. smuggle out antiques and furs, but they would call us barbarous if we did anything about...
...beginning of their last stand may well come next week, when the gold-bloc countries confer at Brussels on their monetary future. With their export markets fast slipping away to the lands of cheap money, factories are idle, citizens uproarious. Belgium will offer a plan for reciprocal and preferential treaties, segregating the gold bloc from the rest of the world. Dutch bankers are talking of pooling colonial empires and drawing in Italy. But fact remains that only France, with better than a 100% gold coverage for its currency, can hold out indefinitely?if Jean Frenchman can stand...
...like every other government, China has no desire to increase her imports at the expense of her export trade. Rising silver has drastically reduced her markets...