Word: exports
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Dates: during 1930-1939
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Upshot of the meeting was 1) a decision to inaugurate two more Government banks to finance foreign trade, like the Export-Import Bank formed last month to facilitate trade with Russia. Mr. Peek -who had brought to the meeting a man-sized plan for the creation of a Foreign Trade Administration-accepted the presidency of the three banks. 2) A tariff message from the President is expected to be sent to Congress this week...
...soldier in the World War. Krupp supplied many a gun with which Belgian and Russian soldiers slaughtered German troops at the outbreak of the War. Though forbidden by the Versailles Treaty from making armaments, this famed German company is today rearming Germany and doing a good-sized munitions export business to the Far East and South America...
What the American government is barking upon now, therefore, is a plan to recover foreign trade. It was to $9,000,000,000 in 1929 and dropped down to less than $2,000,000,000. This includes both exports and imports. But the development of foreign trade cannot be accomplished in the present state of world currency troubles and tariff restrictions unless there is a consolidation of export and import business under government financing. Hence an export bank has been set up under George Peek, and President Roosevelt has asked Congress for power negotiate reciprocal tariffs...
...Times revealed a keen, practical man quite cognizant of the alternatives before the nation, in their long-run and short-run aspects, and alive as much to the dangers of fascism as to the necessity for national discipline. Where Sullivan in a panic indicates that the planning of our export agricultural problem may result in the shifting of the economic factors away from some regions to others, Secretary Wallace accepts this situation and discusses cooly the causes, the inevitability, and the price--material and spiritual--of the dislocations involved...
...Louis great international ports. So many arguments have been put forward on both sides that the fundamental problem has been very effectively obscured; the winter closing of the St. Lawrence and the fact that the taxation might not fall primarily upon the beneficiaries are balanced against the export stimulation which cheap transportation would bring...