Word: importance
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Dates: during 1940-1949
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Last week the U. S. Government formally acknowledged that when a world goes to war, foreign trade becomes a weapon of national policy-two-edged. On both the import and export front, materials vital to U. S. defense were removed from the shrinking belt of free trade...
however terrible its import...
...Andes to Santiago. It also runs a profitless branch line to Xapury, 2,000 miles up into the Amazonian wilderness. Germany tried to underwrite a huge Brazilian steel industry, but was outmaneuvered by Washington, which last week was waiting for approval from Rio of a $17,000,000 Export-Import Bank loan...
...this lost market: automobiles, steel, chemicals, machinery for Alexandria, Tel Aviv, Haifa and Beirut; iron, lubricating oils and tinplate for Genoa and Naples; an assortment of flour, corn products, hides, apples, wool, tires, lead, wearing apparel, paper, missionaries. From Mediterranean docks, the U. S. got a $153,677,000 import trade. Of this, too, American Export freighters carried the lion's share: long-staple cotton from Alexandria, olive oil from Piraeus and Leghorn, china from Beirut, cheese, rayon and vermouth from Genoa, pistachios, gum arabic, rags, onions, rice and tobacco. All told, the spread of war to the Mediterranean...
...Allies, the prospect of wartime hunger, always potential but never too imminent, had grown much more real last week. Though France could always find food for herself (but not for 5,000,000 refugees), she lacked farm hands, was far behind both in plowing and sowing. England could always import hers so long as she had the $1,610,000,000 to meet the annual bill. Last week the Londoner still had his bacon & eggs, the Parisian his pain beune. But Englishmen were at last beginning to see that Master-Farmer David Lloyd George was right: they must plow their...