East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953United States. Foreign Operations Administration
History
East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953
United States. Foreign Operations Administration
Military assistance; Mutual security program, 1951-; United States -- Commercial policy
Although grain was far from disappearing as a Soviet export to the
West, it became less potent--for the time being, at least--as a means
of acquiring foreign exchange to pay for imports. This loss was only
partially offset by a moderate increase in sales of Soviet timber
to Britain and a big drop in the amount of Malayan rubber that the
U.S.S.R. bought from the British. Meanwhile war reparations from
Finland had ended in 1952, and deliveries of Swedish goods under
a long-term credit agreement ended the same year. The Finnish and
Swedish developments meant that about $80 million worth of goods which
the U.S.S.R. had received from those countries in 1952 could not be
duplicated in 1953 unless some other means of payment were created.
All these events contributed to the reviving of some other export
commodities.
How far the shift is going and how long it will continue cannot be
predicted. Abrupt alteration in Soviet exports is hardly a novel
development. For a time, around 1930, when forced collectivization of
agriculture and forced exports of grain had induced famine in some
areas of the U.S.S.R., the Kremlin opened the pressure valves a mite,
heavily slashed the exportation of grain, and even _bought_ some grain
on the Baltimore exchange. That was a breathing spell in the midst
of the first big Soviet push toward rapid industrialization. During
the same general period, the U.S.S.R. found it expedient to force
more production and more exports of furs, coal, and some of the same
commodities now receiving special attention--petroleum and metallic
ores--in order to get imports of capital goods needed in the ambitious
industrial program.
=They Have Dug Up Manganese=
Manganese is a silvery-white metal used in the making of hard steels.
The U.S.S.R. is one of the world's major sources of manganese. It can
produce a large amount each year, depending on how much manpower it
decides to throw into the effort. It consumes a lot in its own steel
industry, even using manganese as a substitute for scarcer alloys like
nickel and molybdenum. In addition, its plans usually provide for
certain quantities of manganese ore to sell abroad.
These exports have continually fluctuated. Before the war they ranged
from about 400,000 metric tons a year to about 1 million. The United
States, which produces very little manganese, was a major customer. In
the 1930's we got about 40 percent of our manganese imports from the
U.S.S.R. Other important customers were France, Germany, Belgium, and
Japan.
During the war, Soviet manganese vanished from world markets. The
United States and other customers turned to sources in Africa, Latin
America, and India.
Public-domain text, read in full here on John Shaqi.
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