Word: tradings
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Dates: during 1930-1939
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...will be some time before the Allies will be forced to import heavily from the United States, according to the international trade authority. If the Allies should buy large supplies of war materials from this country, he foresees a centralized purchasing agency here under Allied, and perhaps American, control...
...doubts that alteration of the Johnson Act, which prohibits leans to defaulter nations, would affect our trade with Britain. "I think she probably has ample resources to pay in cash for all of the goods she will need to buy from us," he stated...
...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...
...obstacle to this is that much of what Latin America has to sell is crops and commodities of which in many cases the U. S. has more than enough at home. Given 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...
First boom signs: Penguin Books (6d.) were swamped with orders. Book clubs and rental libraries reported big new enrollments. Large stocks moved to libraries for evacuated children, army camps (favorites: Gone With the Wind, Northwest Passage, Anthony Adverse, the Bible). A brisk trade was reported in German dictionaries, purchased by British soldiers who, they said, want to be able to read the signs to Berlin...