Word: protectionists
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Dates: during 1940-1949
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...simply the fusion of Western Europe's separate, relatively autarchic economies into one large, American-style free trading area. Only such a single market (with an estimated 270 million customers) could sustain efficient mass production in Western Europe; it would also force Western Europe's flabby protectionist capitalism into a new, competitive way of life...
...plank was full of knots. It endorsed reciprocal trade agreements, but added a phrase which left the door open for high tariffs and a generally protectionist policy. Otherwise, the foreign policy section followed the precepts of Senator Vandenberg...
...industry has been working under the protective wraps of an auto tax of ?1 a horsepower. Thus, low-powered British cars were taxed as little as ?10 ($40) a year, while higher-powered U.S. cars were taxed $130 or more. So Britons bought small British cars. That pleased the protectionist manufacturers...
Place to begin reform (and where it will be hardest) is the U.S. tariff: "American tariff policy is obviously the crucial, immediate factor in postwar planning. . . . The great world power cannot remain even moderately protectionist without squandering, its opportunities and repudiating its international responsibilities. Our tariff structure must be dismantled immediately and as a whole...
...their dollar as the solidest, most invulnerable currency in the world. The somewhat shocking fact is that the U.S. dollar now sells at a discount in relation to practically every other currency in which there is still a free market. The cause is simple. For once in its long, protectionist history, the U.S. is buying from much of the rest of the world more than it is exporting in return. (Lend-Lease arms for the United Nations and exports to U.S. armed forces naturally do not affect the balance of trade in terms of foreign exchange...