INDEX 
Ea 
NO 
425 
“ Unfavorable’ balance of trade, 111; 
how affected by loans and interest 
payments, 127, 131; significance of 
term, 112, 216. See also Balance of 
trade. 
‘Tnited States, non-competing groups in, 
56, 58; textile industry in, 59; use of 
capital, 71; special effectiveness of 
railway transportation, 73; great 
development of external economies, 
87; how shipping charges enter into 
statistics of international trade, 136; 
effectiveness of labor in, see Contents, 
Ch. 15; protective tariffs in, see Con- 
tents, Ch. 16; comparative advantage 
in agriculture and in industry, see 
Contents, Ch. 16 ; protective tariff and 
textile industry, 192; aptitude in the 
use of machinery in, 193; ratio of 
reserves to deposits in national banks, 
202; sensitiveness of monetary system 
to gold flows before 1913, 206; trade 
of, with Canada, 230; international 
trade of, before 1900, Ch. 23; from 
1900-1914, Ch. 24; after 1914, Ch. 
25; foreign borrowings of, Chs. 23, 
24, 25, passim; gross and net barter 
terms of trade of, 299; relation of 
government loans to exports, 314; 
becomes net exporter of capital, 325, 
and Ch. 25, passim; international 
trade under depreciated paper in 
1866-79, 393. 
Ttilities, their bearing on the barter 
terms of trade, 30, 117. 
Varying advantages, Ch. 9, passim. 
Varying costs. See Contents, Ch. 8. 
Veblen, 194. 
Viner, J., 223 n., 230, 259, 415. 
Wages, relation of low prices to high 
wages, 25, 48; differences of, within a 
country, 44, Ch. 6, passim, 66; 
differences between countries, 36, 
39; relation to prices, 38, 153; com- 
parison of English, British, and Con- 
tinental wages, 154, and Ch. 14, passim. 
See also Money wages. 
Wages and prices, in different countries, 
34, and Ch. 5, passim. See also Money 
wages. 
Waltershausen, S., 290 n. 
Warne, 415 n. 
Wells, D. A., 295 n. 
Wieser, 156 n. 
Williams, J. H., 280 n., 296 n., 322 n., 393 
n., 405 n. 
Window glass, effectiveness of production 
in various countries, 171. 
“Yellow peril. = 154.