Word: trading
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Dates: during 1920-1929
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Diplomats. The field generals in this spread of economic empire are U. S. diplomatic representatives, whose prime task is to keep the gates of trade peacefully open. The 13 U. S. ambassadors and 28 U. S. ministers are aided by 457 U. S. consuls, trained to report trade opportunities, to note and remove new and old obstacles to foreign commerce...
...Trade Scouts. To open up new commercial fields abroad in which the Dollar may grow and thrive is the duty of the Department of Commerce's trade scouts?56 men in two classes, commercial attaches and trade commissioners. At Washington their reports are assembled and presented in a periodical pamphlet called What the World Wants. There it may be found this week that Rosario, Argentina, will buy buggy wheels; that Nottingham, England, wants battery chargers; Lagos, Nigeria, needs canned fish and lump sugar. Other world wants noted in the latest bulletins: kitchen sinks at Bordeaux; machines to make banana flour...
Tourists. The U. S. had a favorable trade balance (exports over imports) of more than a billion dollars last year. This asset was liquidated by the spendings abroad of U. S. tourists who, in national economic effect, had a free trip over and back. When the stockmarket crashed, its effect was felt even in Switzerland where resort bookings for U. S. tourists were heavily cancelled, U. S. children withdrawn from Swiss schools...
...York market break with great and garrulous glee, Royal Mail's tumble was merely another incident in the series of misfortunes which have over taken the English investment market. Although in the U. S. prices broke, earnings of U. S. companies have so far been maintained.But in England poor trade conditions coupled with belief that the Labor government is financially incompetent, seem to indicate the culmination of the long established drift of the London market away from its position as world's leader. "Home Rails," long considered a prime investment, have seen the cycle bring Depression, as have Industrials. British...
...this foundation, the author builds a singularly pungent tale of ship yards, cotillions, the rigours of a mid-winter passage of the Horn, the frenzy of the Gold Rush, the economics of the China Trade--in short, the spirit of those adventuresome times...