Word: trades
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Dates: during 1930-1939
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...Administration. Obediently Secretary of State Cordell Hull, a Democratic classicist from Tennessee, packed his bag, boarded a Pullman headed for Minneapolis to speak from the very platform where Alf Landon spoke a fortnight earlier, to answer the attack which that Republican Nominee leveled at President Roosevelt's reciprocal trade agreements...
Though Oldster Hull is proud of having negotiated these tariff treaties, few New Dealers envied him his Minneapolis job, because the reciprocal trade agreements are admittedly unpopular along the Canadian border. NRA, AAA, WPA, PWA, the Wagner Labor Relations Act, the Guffey Coal Act, the Social Security Act have given or promised cash or privileges to some particular group of voters. But trade reciprocity depends on the abolition of privileges, and few of its beneficiaries are aware of their benefits. Steel workers never know what portion of their pay comes from steel that goes into automobiles and machinery sold overseas...
...three specific Landon charges against the reciprocal trade agreements, Secretary Hull gave three specific answers : Landon: After the Canadian trade agreement the price of cheddar cheese fell from 17? to 12?½. Hull: The decline was seasonable. Cheddar cheese is now selling at 17½?, 25% above a year ago, higher than at any time since Depression...
Landon: The Brazilian trade agreement permitted "a new jungle product," babassu nuts and oils (TIME, Sept. 14) to enter the U. S. duty free to compete with...
...increase in 1935 over 1934 amounted to $247,000,000. Of this amount, $75,000,000 represented wholly noncompetitive products-coffee, rubber, bananas, etc. Of the remainder, exclusive of sugar, which is governed by international agreement, only $13,000,000 was accounted for by commodities affected by the trade agreements...