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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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Problems of verification

Collection:: Economics Books

308 INTERNATIONAL TRADE somewhat different in its earlier stage — that preceding the en- trance of the United States in the war in March, 1917 — from what they were in the later stage, after that epoch-making date. We may begin by considering the way in which international trade was affected during the earlier stage, from about the middle of 1915 until the spring of 1917. By 1915 a great demand for American products set in, almost entirely from the countries at war. Largely it was for commodities to be used directly in the war; but foodstuffs for civilians as well as for soldiers were also called for. Of the former sort were explosives; iron and steel; copper, brass, and zinc; automobiles, horses, leather. Breadstuffs, meat products, sugar, were of the latter.! The total of the exports suddenly increased, and continued to increase year by year, reaching sums never before dreamed of. The imports also rose, but by no means at the same rate; and an amazing excess of exports over imports developed. If that excess had already been unexampled for the fifteen years preceding the war, it was not only beyond example during the war, but almost beyond imagination. The exports were greater than the imports by two, three, four billions of dollars a year. These are of course money values only. In terms of physical quantity neither exports nor imports increased at the rate shown by the price figures. But as regards the problems of international payments — the mecha- nism of international trade —it is the money values that signify. 1 For the calendar years 1914 and 1915 (I do not take fiscal years for this purpose) an of significant classes of articles show the following figures, in millions Explosives ni Chemicals, drugs, dyes, ete. . Brass and manufactures . Copper and manufactures Zine, except ore and dross fron and steel and mfs. Automobiles and parts Horses Tria] Gther'animalg. LF Lo Sela Se Leather and tanned skins and mfs. Wheat and wheat flour . . . . Other breadstuffs . Meat products . Dairy products Sugar, refined 1914 a) 1 8 7.2 LR. 8 . 1199.9 24.2 137.5 3.0 67.9 249.6 60.7 227.7 2.7 IR92 1915 181.8 80.4 54.8 125.1 33.5 388.7 111.2 94.8 26.8 156.1 378.7 149.2 259.0 20.6 49.7

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