The Century Illustrated Monthly Magazine, October, 1913: Vol. LXXXVI. New Series: Vol. LXIV. May to October, 1913Various
General
The Century Illustrated Monthly Magazine, October, 1913: Vol. LXXXVI. New Series: Vol. LXIV. May to October, 1913
Various
Periodicals
There are two points of view, however, well illustrated in the attitude
of the British and the United States Government, respectively, as
to the direction in which governmental efforts may be extended in
the furtherance of foreign trade. The British Government pays great
attention to the diplomatic end of the business, and lets private
enterprise follow up any advantage gained. The United States Government
spends vastly more money and effort upon the details of trade, but in
many cases unfortunately attempts to build upon a shifting and insecure
foundation, in that the relations of the two countries may be weak
diplomatically, or there may be lack of knowledge or understanding as
to the general conditions to be met. For some American consul to inform
American manufacturers through the State Department of great openings
for the sale of goods does not mean necessarily that these goods can
be sold; for in some cases American competition would find itself
hopelessly handicapped by the superior trade diplomacy and knowledge
of its adversary, thus nullifying any possible superiority in goods or
prices.
From a practical point of view, to analyze American foreign trade in
detail would be an endless and useless task. It has grown to be what it
is through exports of food-stuffs and raw materials, followed naturally
by the surplus products of manufacturing. Of imports the same may be
said, reversing the order of the progression. The land furnished the
material, and labor came at its call from all parts of the world. The
logical result of plenty of material, a constantly increasing supply
of labor, combined with national ingenuity and a climate conducive to
the development of nervous energy, is the production of more or less
finished merchandise in such quantities as to keep half the ships of
the world in daily use carrying it to and fro. Whether governmental
intervention has helped or hindered has been the subject of controversy
since this commerce began, and will continue until commerce ends; but
out of it all must come a certain amount of wisdom, gained through
experience, which should be of practical benefit to those on whom rests
the responsibility of official coöperation with private adventure in
foreign lands.
The three great foreign trading nations of the world are England,
Germany, and the United States, in the order named. In 1912 the foreign
commerce of England amounted to a little less than $6,000,000,000,
that of Germany to more than $4,600,000,000, and that of the United
States to nearly $4,200,000,000. The total foreign trade of these three
countries is proportioned approximately between imports and exports as
follows:
England Germany United
States
Imports 60 per cent. 54 per cent. 43 per cent.
Exports 40 “ “ 46 “ “ 57 “ “
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