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...face of these facts Congress passed the Smoot-Hawley tariff. Duties were raised or new ones imposed on commodities whose import value in 1928 was $1,133,000,000, while duties were removed or reduced on articles of import whose total value in 1928 was $214,000,000. This amounted to a demand on our part that the world pay us less in goods and more in gold, despite the huge hoard which we already possessed, the weakness in many currencies and the dire need of debtor nations for a better opportunity to sell goods...

Author: NO WRITER ATTRIBUTED | Title: "No Solid Prosperity Until Many Tariffs Have Been Substantially Reduced," Slichter Warns | 2/3/1932 | See Source »

...temporary and have been largely due to the conversion of foreign bank balances and bill holdings here into gold. The effect is to strengthen rather than to effect our creditor position, which is the basis of our pull on the world's gold. Consequently, we must either develop an import balance or exert a disastrous attraction upon the world's gold supply whenever we fail to lend abroad on a large scale...

Author: NO WRITER ATTRIBUTED | Title: "No Solid Prosperity Until Many Tariffs Have Been Substantially Reduced," Slichter Warns | 2/3/1932 | See Source »

...Right to manufacture, import and sell liquor will go to a monopoly company which, after obtaining consent of the control board, will issue manufacturing permits and licenses to retailers, hotels, restaurants...

Author: /time Magazine | Title: FINLAND: New Liquor Law | 1/25/1932 | See Source »

...wheat beginning would be made as follows: .First the principle would be established that Great Britain, which imported last year from all her Dominions 2,000,000 tons of wheat (37) bushels to the ton), must import hereafter, on the same basis, a minimum of 2,800,000 tons of such "Empire wheat...

Author: /time Magazine | Title: CANADA: Dominion Wheat | 12/14/1931 | See Source »

...Sultana. Officially the Sultan is "independent," but accepts a thumping yearly British subsidy and does as he is told. In greatest breadth Johore is only 100 mi., in greatest length 165 mi. Mostly covered with green forests, Johore supports an easy-going population of 337,000 who export rubber, import strong drink, including Scotch...

Author: /time Magazine | Title: JOHORE: Scottish Sultana | 11/30/1931 | See Source »

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