International Trade and Exchange: A Study of the Mechanism and Advantages of CommerceMacmillan, 1914 - 350 páginas |
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Términos y frases comunes
$1 a bushel 14 yards A₁ abroad American bank amount bank credit bank drafts bills of exchange borrowers bounty bushels of wheat Canada Canadian prices Canadian wheat capital cent cheaply commercial creditors currency debtors decrease demand draft deposit deposit account depositors drafts on England drawee effect English banks equal expense export fall favorable flow of gold Foreign Exchange free trade gain gold as money gold standard greater higher prices import increase industry inflow investment Ireland Irish linen land lenders less level of prices levied loans London loss lower manufacturing money prices money wages obligations paper money payment produce profitable protectionist country protective tariff purchasing power raise rate of exchange rate of interest relative remit rise secure sell shipment silver specie sumers supply and demand suppose tend tion United wage earners wealth yards of linen York
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Página 155 - That no merchandise shall be transported by water, or by land and water, on penalty of forfeiture thereof, between points in the United States, including Districts, Territories, and possessions thereof embraced within the coastwise laws, either directly or via a foreign port, or for any part of the transportation, in any other vessel than a vessel built in and documented under the laws of the United States...
Página 79 - In all tariff legislation the true principle of protection is best maintained by the imposition of such duties as will equal the difference between the cost of production at home and abroad, together with a reasonable profit to American industries.
Página 155 - That no goods, wares, or merchandise, shall be imported, under penalty of forfeiture thereof, from one port of the United States to another port of the United States, in a vessel belonging wholly or in part to a subject of any foreign power...
Página 96 - If we have been prosperous and if our wages have been high, it has been in spite of and not because of the tariff. Comparing two European countries, England and Germany, the former the stock example of free trade, the latter a protectionist country, we find prices some 18 per cent higher in Germany and money wages lower.1 1 See "A Comparative Study of Railway Wages and the Cost of Living in the United States, the United Kingdom, and the Principal Countries of Continental Europe," Bureau of Railway...
Página 155 - Act laid down that no goods of the growth, production or manufacture of any country in Europe should be imported into Great Britain except in British ships, owned and navigated by British subjects, or in such ships as were the real property of the people of the country or place in which the goods were produced, or from which they could only be, or most usually were, exported.
Página 172 - It is stated in the Report of Commissioner of Corporations on Transportation by Water In the United States, Part II, page 13, that " DuluthSuperior Is the most Important port for shipments and has the largest water-borne traffic of any of the lake ports...
Página 30 - ... of the nature of commercial banking is not complete until we go back of the banks and examine the relations to each other, through the banks, of those who deal with the banks and with each other.1 When a man borrows from a bank (giving proper security and receiving credit on the bank's books), he is getting command over present wealth in return for a promise to repay wealth in the future. Those who provide him with this present wealth must wait before being repaid. Lending always involves giving...
Página iii - International Trade and Exchange: A Study of the Mechanism and Advantages of Commerce.
Página 31 - If, instead of passing a check to another, the original payee avails himself of this right to draw, taking money from the bank, then some one who has deposited cash in the bank vaults may be looked upon as the lender, since his money has been taken from the bank and the borrower is expected to make good the subtraction. Thus, either the original receiver of a deposit right from a borrower, or some one to whom he passes this right, or some depositor whose cash is withdrawn to redeem the check, may...
Página 171 - Report of the Commissioner of Corporations on Transportation by Water in the United States, Part I, 1909.