Actual Balance of Trade Reconsidered As War Debts Skew Figures
The piece argues that true balance of trade favors Europe, not the United States, once incidental costs are counted. It cites $275 million net after interest, tourism, remittances, and foreign shipping costs, with 1914 exports over imports at $540 million seeming contradicted by hidden charges.
MENTIONED IN THIS ARTICLE
Eoe
United States
Dong
E. ©. Pratt
Bureau of Foreign and Domestic Commerce
Pratt
England
Germany
France
Holland
Europe
Bureau of Immigration
America
War era balance of trade and US as creditor nation
The article discusses shifting U.S. balance of trade gains from 15,000 to 60 million and beyond, noting booming exports, lower overhead, and increasing profits as Europe borrows less. It highlights America becoming a lender, foreign bonds, shipping costs, and tourism expenditures staying domestic amid wartime strain.
MENTIONED IN THIS ARTICLE
United States
Uncle Sam
America
Europe
Sweden
Argentine
Russia
Jessen
Remedy for summer pains advertised nationwide
An advertisement extols a universal remedy as essential for every family especially in summer. It promises relief without delay and invites readers to consider the ease of obtaining treatment, stating it is obtainable everywhere.
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