Word: traded
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Dates: during 1930-1939
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...chores the Congress as a whole has most enjoyed is the writing of tariff bills. Under the New Deal the key to both these powers has rested in the slightly baggy coat pocket of pale, poker-faced Cordell Hull, Secretary of State. By calling the reciprocal trade pacts "agreements" and not "treaties," he kept them out of the Senate; by adopting the most-favored-nation principle in the trade agreements, he kept Congress' porky hands off tariffs on foreign trade...
...last week, as Mr. Hull dickered desperately with Argentina for his 23rd trade agreement, the 23rd tide of complaints rolled in. Cattlemen, dairymen, manufacturers squawked louder than ever before. Not only had Republicans whipped up anti-agreement sentiment throughout the Midwest, but New Dealers from agricultural States had pledged themselves to jerk away Mr. Hull's powers at the earliest opportunity...
January's session of the 76th Congress will be that opportunity. But by January Mr. Hull may not care. Soon the massive Argentine trade agreement will be concluded; hard on its heels, one with Chile; a third with Uruguay. With these 25 in Mr. Hull's pocket-agreements with countries representing about 80% of U. S. foreign trade-the Congress will be ceremoniously locking the barn door after the horse has been led to water...
...been professor of Economics and Accounting at Michigan since 1921, was a member of the Burean of Research and Statistics of the War Trade Board in 1918, and of the Income Tax Unit of the Burean of Internal Revenue in 1919. He is now serving on the committee on accounting procedure of the American Institute of Accountants...
...follow it into production. Both companies deliberately put themselves under a handicap by using low-grade Bolivian ore rather than good Malayan ore, which may be cut off by the tin trust. This increases smelting costs so much that the U. S. State Department, which loves to promote trade with Latin America, has never helped it, believing it would be uneconomic...