Word: imported
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This foreign hoard has piled up for several reasons: while the U.S. has been Lend-Leasing goods and weapons to some nations, it has had to plunk out cash to import huge quantities of raw materials and stockpile supplies in foreign countries. Another drain on the U.S. is to the 6,000,000 U.S. servicemen abroad. Although the U.S. is now exporting $14 billion in goods a year, the Board pointed out that only some 50% of this is for cash. The rest is Lend-Lease. In fact, excluding Lend-Lease operations, the U.S. has had an "unfavorable" balance...
Identical Self-Interest. Since Britain has to import almost all its raw materials, it has to export to pay for them. If Britain Were conceivably to change its economy and reduce its population to about ten million, it would need only small industries and a small overseas trade...
Sweden. J. Sigfrid Edstrom, chairman of the Swedish General Electric Co., and president of the International Chamber of Commerce, hoped for a worldwide lowering of tariffs and reduction of import quotas. Einar Flygt, vice president of the Swedish Cellulose Co., said Sweden was ready to ship 300,000 tons of chemical pulp (for papermaking) to Britain, and one million tons to the U.S., as soon as the shipping blockade is broken. Some Swedish ships have already been loaded with pulp; he hoped they could sail soon...
...been a tense campaign, deeply felt and bitterly contested on both sides. But now the import of the nation's other battles swam back into focus again, like mountains seen after rain. There were the battles of World War II on many fronts, and of the peace somewhere beyond. And, as always in war, there was the personal struggle of thousands with heartbreak, loneliness and loss...
American opinion, "including import licensing, export control, cartelization of industry and bilateral treaties.. .. The British problem is based entirely on the country's economy. If they don't export, they don't eat. This fact is lost sight of in some of the arguments heard here in America." The important question is whether Pleader Phillips is right or wrong about the effect of Empire preference. The objection to this-and to import licensing, export controls, cartels and bilateral deals -is that they are all barriers which will reduce the total amount of world trade and everybody...