Brazil today and tomorrowJoyce, L. E. Elliott (Lilian Elwyn Elliott)
History
Brazil today and tomorrow
Joyce, L. E. Elliott (Lilian Elwyn Elliott)
Brazil; Brazil -- Economic conditions
Brazilian imports show important changes in places of origin since the
European War; formerly Great Britain was by far the greatest seller to
this country, supplying nearly a third of the total goods purchased. In
1911 the order in importance of countries selling to Brazil were Great
Britain, Germany, the United States, France, Argentina, Portugal,
Belgium; in 1912 and 1913 the same order was maintained, but with
Germany increasing her sales at a greater rate than Great Britain, while
the United States also showed gains.
In 1914, with the outbreak of war, England still retained her top place,
but with reduced values, while the United States drew second, Germany
third and the Argentine fourth. In 1915, the United States sold more
goods than any other country, and Great Britain came second, maintaining
her command of the market in cotton piece goods in a remarkable manner,
and holding over half of the coal sales in the latter item until 1916,
when United States’ sales replaced the Welsh coal, whose export was then
prohibited. Development of South Brazilian coal fields also helped to
supply the home market to an increasing degree. During 1921–2 Britain
recaptured much of her coal sales, and the share of the United States
fell almost to pre-war conditions, from top place (81%) in 1920.
In U. S. currency, Brazil imported nearly $146,000,000 worth of goods in
1915, the United States selling about $47,000,000, England nearly
$32,000,000 worth, while Germany’s former average of fifty-two millions
was reduced to two. Many of these changes were due to the abnormal war
situation, and while it could not be expected that the United States
would retain an advantage due to the elimination of competitors, she was
still the greatest supplier of goods in 1920, selling over twice as much
as her nearest rival, Britain, or goods worth $52,000,000, in comparison
with Britain’s $25,000,000. The European countries organized for
overseas trading are making strenuous and determined efforts to regain
the commerce built up by the transportation lines and development work
financed from Europe; although they awaited the end of the war to renew
these efforts. Probably the best recommendation of the United States to
a large share in Brazilian imports lies not in commissions and reunions,
but in her extensive purchases of Brazilian raw material.
Public-domain text, read in full here on John Shaqi.
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