Word: tradings
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Dates: during 1930-1939
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...Schacht had been dispatched to England: 1) to persuade those interested in getting the Jews out of Germany to pay a "ransom" in the form of increased purchases of German goods; 2) to stave off Britain's threat to "fight Germany at her own game" for the trade in Central Europe and South America; 3) to get Britain to buy more from Germany than she has been doing...
...reason for Germany's desperate need to sell more goods abroad was clear last week when Germany's foreign trade figures for the first nine months of 1938 were published in Berlin. In 1937, largely due to Reichsbanker Schacht's barter trade methods and subsidies to export industries, Germany was able to build up a favorable balance of 422,000,000 marks ($168,000,000). In 1938 this favorable balance has been wiped out and Germany's imports have grown to 398,000,000 marks ($159,200,000) more than her exports. Over half of this...
Desperate for ready cash* in the till-without which she cannot continue to import the raw materials necessary for her military machine-Germany month ago turned to systematic spoliation of her Jews. Unless her foreign trade position improves, she may next squeeze the vast holdings of the Catholic Church and perhaps the wealth of the upper middleclass...
...impression in London was that Dr. Schacht returned to Berlin at week's end emptyhanded. (His "private visit" had included a secret conference with U. S. Lawyer George Rublee, director of the Intergovernmental Committee on Refugees.) If Dr. Schacht had any hopes that Britain would call off her trade war with Germany, he must have been disap pointed when the House of Commons unanimously advanced through its second reading a new Export Credits Bill, which raises from $250,000,000 to $375,000,000 the amount of obligations the Government can incur in "insuring foreign trade" and provides...
...first 37 years N. A. M. helped America click chiefly by being a clearinghouse of industrial information, a super trade-association. But under Roosevelt N. A. M. has become more and more the Voice of Industry, first pro-New Deal, then so bitterly anti that N. A. M. sound-offs sounded like Republican campaign speeches. Two years ago under the guidance of Chairman Colby Chester of General Foods Corp., N. A. M. developed a new attitude, something which might be termed "reasonable liberalism," approving certain New Deal reforms, asking for modest changes, waving the olive branch rather than the hatchet...