Word: tradings
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Dates: during 1940-1949
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...Labor government had every advantage on its side at the outset. English unions have been recognized as among the most mature in existence. The central organ of collective action, the Trade Union Congress, has good disciplinary control over member bodies, and is the sparkplug behind the present cabinet, which was so gravely threatened by the strike. With Britain fighting for her commercial life, there has been a strong prejudice against any form of work stoppage. To prevent grievances, pecuniary and spiritual, there exists a well defined system of mediation boards with broad powers, set up by the Attlee cabinet...
...world-trade proposals, the U.S. Government had properly defined the fruits of victory as a "limited and temporary power to establish the kind of world we want to live in." In 1946, by wild exertions, the U.S. established and freed its own economy. In 1947, its big task would be to prove that it could drive a disciplined free economy in harness. Only then would the U.S. have a chance to establish the kind of economic world it wanted to live...
...great powers only the United States emerged from the war with its industrial plant not only uncrippled but expanded. The quickest and easiest way for other countries to replace their destroyed equipment is to make purchases in the United States. But it is an elementary principle of international trade that a nation must sell goods in order to be able to buy them. If American markets are closed to foreign countries, they will have no recourse but to withdraw into economic isolation, adopt a system of strict controls, and wage a cutthroat fight to control certain export markets. The frictions...
This is no place to revive the entire 'protection vs. free trade' argument. It is sufficient to point to the obvious, recognized even by Time magazine--that if the world is to achieve its reconstruction as quickly and painlessly as possible, the United States must, in 1947, offer foreign goods at least a reasonably attractive market...
...Large numbers of these Arabs have migrated into Palestine in order to take advantage of the facilities for business, sanitation, medical care, education, and agriculture of previously desert land which the Zionists have made possible. The large number of Arabs who risk the penalty of breaking the band on trade with the Jews is further indication that they do not object to their presence...