America's Foreign Loan Policy; An Address Delivered Before the Annual Convention of the National Foreign Trade Council, Philadelphia, May 10, 1922
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To quickly assess the difficulty of the text, read a short excerpt:
What, in short, is to be our foreign trade policy?
We have come to the place in our commercial inter- course with the rest of the world where we must choose between a policy of economic isolation and one of ex- tended, continuous and systematic financial assistance to solvent debtor nations. The former course would in- volve contraction of production to the consumptive capacity of the domestic market with reduced industrial activity, the scrapping of a considerable part of our manufacturing and... distributing equipment, recurring periods of business stagnation and continuous unem- ployment. To state the question thus is to answer it.
The American business man, red-blooded but cool- headed, will not deliberately adopt a policy of contrac- tion, stagnation and depression. He is going to fight this thing through and he is going to win !
13 » AMERICA S FOREIGN LOAN POLICY « A policy of "economic separateness' for this country advocated by some extreme nationalists is at once im- practicable and indefensible.
What to read after America's Foreign Loan Policy; An Address Delivered Before the Annual Convention of the National Foreign Trade Council, Philadelphia, May 10, 1922?
You can find similar books in the "Read Also" column, or choose other free books by Holdsworth, John Thom, 1873- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
What, in short, is to be our foreign trade policy?
We have come to the place in our commercial inter- course with the rest of the world where we must choose between a policy of economic isolation and one of ex- tended, continuous and systematic financial assistance to solvent debtor nations. The former course would in- volve contraction of production to the consumptive capacity of the domestic market with reduced industrial activity, the scrapping of a considerable part of our manufacturing and... distributing equipment, recurring periods of business stagnation and continuous unem- ployment. To state the question thus is to answer it.
The American business man, red-blooded but cool- headed, will not deliberately adopt a policy of contrac- tion, stagnation and depression. He is going to fight this thing through and he is going to win !
13 » AMERICA S FOREIGN LOAN POLICY « A policy of "economic separateness' for this country advocated by some extreme nationalists is at once im- practicable and indefensible.
What to read after America's Foreign Loan Policy; An Address Delivered Before the Annual Convention of the National Foreign Trade Council, Philadelphia, May 10, 1922?
You can find similar books in the "Read Also" column, or choose other free books by Holdsworth, John Thom, 1873- to read onlineMoreLess
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