Word: problem
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Dates: during 1930-1939
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Certainly the problem which most concerns the Blue coaching staff right now lies in the backfield. Not one member of the quartet which started against Harvard last fall is available. Had not Ray Anderson, a Junior, run afoul of scholastic ineligibility the outlook might be brighter. For Pond's chief need is what has come to be known since the invasion of Poland as a blitzkrieg back, and Anderson came near filling the bill in his brilliant appearances against Princeton and Harvard last Fall...
...Poland was Europe's third largest producer of crude oil, the world's third largest producer of zinc. She had rebuilt her steel industry to eighth largest in Europe, had laid 823 miles of railroads, built 6,750 hydroelectric plants. And although her impoverished peasantry constituted a problem that no intelligent Pole denied, farm wealth had steadily increased: Poland ranked fifth among the world's powers in horses, eighth in cattle, fifth in pigs...
...before hemisphere trade solidarity is achieved, there is many a headachy problem to be solved. One of these is straightening out foreign exchange, now all muddled because: 1) of the financial sleight-of-hand worked by Germany in building up its Latin American markets, 2) some South American currencies (notably the Argentine) have been tied to the bouncing British pound...
...biggest problem is not merely to stabilize exchange but to find it. For much of the trade given last year to the U. S., Latin Americans got the bulk of their credits from sales of wheat, coffee, meat and other agricultural products to Europe. Today, with the German market gone, and the European neutrals hamstrung by the war's disruption of shipping, Latin America has to find somewhere to sell her goods in order to get money to buy from the U. S. For the present the war needs of the Allies will help fill...
...time and ingenuity, mutually profitable trade can be built up. In 1915 U. S. exports to Latin America dropped about 19%, but before the war was out they increased more than 100% over the prewar figures (a substantial increase although partially deceptive because of higher prices). This time the problem is being tackled at the beginning of the war, and the U. S. is no longer a greenhorn in Latin American trade...