Word: exports
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Dates: during 1930-1939
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Little was heard of its effects on U. S. trade, and for good reason. Exports of arms, munitions and related materials in World War I amounted at most to only 25% of total exports to the Allies. In the first six months of 1939 shipments of the materials now embargoed accounted for a peewee proportion of total U. S. exports. Still on the permitted export list were such war necessities as oil, steel, grains and other foodstuffs, even parachutes...
...statutory neutrality's paradoxes was aimed at bringing Congress to the same view. Such standpatters as Ohio's Taft, Maine's White, Georgia's George and Iowa's Gillette (whose adverse vote defeated the Administration neutrality program last July) switched their stand on the export of arms to belligerents. From outright embargo a Senate majority shifted to cash & carry: to let belligerents buy U. S. arms, pay before shipment, and carry them off in foreign bottoms...
...decided: 1) to base Britain's policy on the assumption that the war will last three years or more; 2) to instruct all Government departments to make plans on that assumption; 3) to expand production, especially munitions, to meet the demand implicit in that policy; 4) to maintain export trade in the interests of the civil needs of the country...
...movies were not an important U. S. export, and the U. S. cinema industry was as isolationist as the rest of the nation. World War II found both the U. S. and its cinema industry in a different frame of mind. Though U. S. cinemagnates have gesticulated for months about the necessity for putting their $2,000,000,000 investment on a war basis, the effect of war on shellshocked Hollywood last week was an incalculable crossfire of fears, dangers, hopes...
...successor his walking papers. Oriental Consolidated was the oldest, biggest, richest, gold mining company in the Orient. Japan wryly observed the provisions of Oriental's charter: for payment of Y25,000 (about $8,500) annually to the Chosen Government, the mining company was free from all taxes, import-export duties. Eight years ago Japan got tough, embargoed gold exports, forced Oriental to sell gold to her at prices below the world market, paid off in unsteady Yen. Last week Oriental, last big U. S. concession in Korea, got out while the going was still passable...