Third International Free Trade Congress Amsterdam 13 16 September 1921
Third International Free Trade Congress Amsterdam 13 16 September 1921
International Free Trade Congress 3rd 1921 Am
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Insufficient attention has been given to the positive shortage in the supply of raw materials and foodstuffs, as compared to the needs and the pre-war consumption of the world. Naturally and rightly, public attention has been called to the terrible effects where shortage has been most acute, to Central Europe, in particular. The results of the blockade and of Government embargoes, coupled with the breakdown of credit, have brought famine to millions, and have compelled all but the most callous ...or thoughtless to seek means to restore the ruined countries. We should remember, however, that even if credit were restored and exchanges were normal, there must of necessity be for years to come a grave shortage in the 154 supply of numberless things, relatively plentiful in 1914. You cannot replenish your stores of wool and leather until you have bred many more oxen and sheep than you have today. That is the work of years, and of years during which beef and mutton will command a high price, tempting impoverished farmers to realise the present value of their stocks rather than to breed for a fufiire market.
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