International trade

Bibliographic data

Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Problems of verification

Collection:: Economics Books

204 et Rds 4 4 A INTERNATIONAL TRADE EXCESS OF EXPORTS OVER IMPORTS, UNITED STATEs, 1880-1914. +790 ¢ AN 50) tof Wow ny) I 1A) 1900 ire] 1910 1914 doubled ; but the relation between the two showed on the whole little change. The excess of exports was fairly regular and always great. The main explanation of this accentuated excess of exports Is to be found in the appearance of a new item in the international account — new at least in its magnitude. This was the remittance of large sums by immigrants who had established themselves within the country to relatives and friends in their native countries. These transactions were connected both as cause and as effect with that steady movement of hundreds of thousands of persons annually into the United States which is so conspicuous a feature of the economic and social history of the country during the period. That phenomenon was itself quite extraordinary; and it led to extraordinary international payments. The remittances, as was just intimated, were not merely the consequences of the immigra- tion; they served also in good part to cause it. They were con- sequences in so far as the newcomers — often men in their prime, coming without families — were able to save a large part of their comparatively liberal earnings, and sent large sums home partly to support relatives, partly for investment there, in the purchase of land. But they operated also as a cause of immigration in that the funds were in good part sent for the purpose of enabling

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