Word: tradings
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Dates: during 1940-1949
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Cripps had another warning: "Many of our products are now beginning to meet competition. Hitherto we have been inclined to suppose that production was all that mattered, irrespective of costs. . . . This . . . can only lead eventually to.. . . inflation, and . . . ruin our trade. We must set about reducing costs as vigorously...
When the CRIMSON learned on December 2 that Lester Cramer was trying to revive the lucrative trade he enjoyed before the war, the editors decided to send a man around to investigate...
...magic nostrum was more production, which would help the world to help itself. Looking at the export-import gap, no trader could soundly think that this was going to be an easy job. In 1947, the U.S. had made a tiny down payment on the job of reviving world trade. It had agreed to cut tariffs. Tariff cutting was meaningless unless other nations were able to make the goods to sell the U.S. And 1947 had shown that the gap between what they received and what they shipped was too big to cross without a new kind of bridge. Thus...
...supplying the tools to France, Britain, Italy and the other 13 nations, the hope was that production would be expanded, Russia contained, the flow of goods increased in world trade, and the cause of free enterprise furthered...
Under such circumstances, many a businessman kept his fingers crossed on ERP's prospects of success. There was some doubt that enough industrial know-how could be exported to permit devastated nations to supply their share of the goods in world trade. In most European nations industrial efficiency was far below that...