Das Hotel- und Gastgewerbe

Bibliographic data

Monograph

Identifikator:: 1774764512

URN:: urn:nbn:de:zbw-retromon-160421

Document type:: Monograph

Author:: Nitsch, Harry http://d-nb.info/gnd/117023272

Title:: Das Hotel- und Gastgewerbe

Place of publication:: Düsseldorf

Publisher:: Floeder

Year of publication:: 1928

Scope:: 804 Seiten; Ill.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: 84. Nach dem Theater. - Nach der Abendunterhaltung

Collection:: Economics Books

THE UNITED STATES, I. UNTIL 1900 283 There were interruptions, however; occasional stages when the hange that set in with the crisis of 1873 was halted, even was temporarily reversed. For two decades, from 1873 to 1893, the situation hung in the balance; the excess of merchandise exports vas not continuously and unfailingly maintained. British trade was then in a stage of similar wavering. The course of events on the one side of the Atlantic was in almost every respect the obverse of that on the other; the international trade of the two countries represented two aspects of one and the same series of operations. More especially, the loans of the one and the borrowings of the other were closely connected with the recurring alternations of activity and depression. The export of capital from Great Britain increased rapidly during the upswing stages of the several cyclical periods, and her excess of merchandise imports then declined ; relatively, her exports became greater. During those same stages, the import of capital into the United States (chiefly from Great Britain) increased, and the imports of merchandise became greater. In some years of the period after 1873 the movement of capital into the United States was in such volume that the imports actuall exceeded the exports, the capital borrowings being so great as to exceed all the other non-merchandise payments which the United States had to meet. This was the case in 1888 and 1889, and again in 1893.! The last-named year marks the end of this period of ndecision. A sudden decline of imports followed the crisis of 1893, and the excess of exports over imports became not only marked but persistent. It was maintained steadily thruout the wenty years following, and became astonishingly great — a phe- nomenon to be considered presently in some detail. In general all this is in accord with expectation. It is as much so as In the case of Great Britain, perhaps more completely so. The correspondence, or rather inverse relation, between the experiences of the two countries extends not only to the borrowing operations, but also to another item in the international account, namely, ship- ping earnings. While these became steadily greater for Great ! These are fiscal years, from June 30 to July 1, ending on July 1 of the year indicated.

Access restriction

Copyright

fullscreen: Das Hotel- und Gastgewerbe

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation