Word: traded
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Dates: during 1930-1939
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Rumania, her trade reduced to a mere exchange of goods with the Central Powers by the closing of the Dardanelles, approached crisis before she threw in her lot with the Allies. The peasants-a great majority of the population in each country-unable to buy industrial goods, finally ceased to produce crops for the market, practically fell back on subsistence farming...
Brazil's coffee and rubber business went to pot. She made an enforced about-face and began to export kidney beans, sugar, beef, manganese. Before the end of the War her foreign trade had contracted 22% in dollar volume and 46% in physical volume but she had an export balance of $70,000,000 to $100,000,000 a year...
...money profits of neutrals rose with war-induced inflation but the profits were for the most part taken from them by the high cost of living. Everywhere war produces a shortage of the goods that make for real prosperity in peace. For war is the opposite of free trade. A world war shuts off trade, like shutting the gate of a dam, at one clap, and it may take years for a mutually profitable exchange of goods and services to reestablish itself...
...gives neutrals a choice between stimulation and stagnation. They can sit at home and count their losses while trade stagnates and costs of living mount. Or they can ride the crest of an economic wave, feeding and arming belligerents-making a gift offering of their wealth as a subsidy to war. They also suffer who do not fight...
...William Henry ("Bucky") Walters as an approaching tornado. A made-over third baseman whom Manager Bill McKechnie had bought from the Phillies last summer, Pitcher Walters had a natural sinker (the reason he flopped as an infielder) and miracle Manager McKechnie had taught him some tricks of the trade; but the Reds had much abler pitchers in Johnny Vander Meer, Lee Grissom, Paul Derringer...