International trade

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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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Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Problems of verification

Collection:: Economics Books

THE UNITED STATES, II. 1900-1914 301 Chart IT shows the movement of the barter terms of trade, both net and gross. The reader will bear in mind that in both a higher index number (rise of the curve) signifies that more of exports are being sent out for a given volume of imports; in other words, that the barter terms became less favorable to the United CHART 11. GROSS AND NET TERMS OF TRADE, UNITED STATES, 1880-1914. cata ei ~- —— - mre... ero Rn LT 1630 1839 1300 1905 1910 1914 a. [ndex of gross barter terms [ndex of net barter terms Base, average of 1903-13. States. Conversely a lower index number (decline of the curve) signifies that less of exports are sent out for a given volume of imports and that the barter terms become more favorable.! As already stated, thruout the period (except for sporadic years, 1888, 1889, and 1893) the exports exceeded the imports; the amount of the excess is shown on the chart at p. 294. ! The figures on which the curves are based were calculated on the principles already explained. See Chapter 11, pp. 113-122, and Chapter 21, Pp. 248-252.

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