Word: exporting
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Dates: during 1930-1939
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...coalition, working as smoothly as surgeons, cut open the $2,490,000,000 Spend-Lend Bill and extracted $500,000,000 for toll roads, tunnels and bridges, $350,000,000 for RFC railroad equipment loans, knifed $25,000,000 from a proposed increase in the loan authorization of the Export-Import Bank, then passed it, sending the emaciated Rabbit to the House. The bill, once totaling $3,860,000,000, now stood at $1,615,000,000. California's bulky oldtimer, Hiram Johnson, took the floor to characterize the New Deal's spending philosophy as that...
...direction. In the 1936 Soil Conservation Act, Secretary Wallace was empowered to use his funds to expand foreign markets and remove domestic surpluses of commodities or commodity products. Under this authority, and that latent in the 1939 Farm Appropriation Bill, he may spend $50,000,000 in subsidizing export cotton and cotton products. This was the first time that the "products" phrase of the authority had been used, and it was a politically agile move, since nobody has damned the New Deal, particularly its Wage & Hour Bill, harder than Southern textile men. He now announced that, beginning July 27, every...
...then beginning to steer the Third Reich into the economics of barter dealing and autarchy. Helmuth Wohlthat quickly rose in power and position until he became Field Marshal Hermann Göring's chief foreign exchange expert. Since last year he has controlled the entire German export industry...
...fear of war still stirred in Congress. So in May 1937 another Neutrality Act was passed. At the instigation of Bernard M. Baruch, wise old chairman of the onetime War Industries Board, it added to the provisions of the earlier acts, authority for the President to forbid the export of any goods to a warring nation except on a cash & carry basis. He never used this power and two months ago it expired...
Since there is "peace," China has been able to obtain U. S. loans (notably $25,000,000 last December from the Export-Import Bank), and to buy U. S. munitions, motor trucks, airplanes. Some economists and humanitarians maintain that Japan has gained more than China by being able to buy at will in the U. S., but Chiang Kai-shek presumably thinks otherwise for he could invoke the Neutrality Act by simply declaring war on Japan. Meanwhile, some two million people have been killed in China, and the U. S. has not been involved...