The Next Step: A Plan for Economic World FederationNearing, Scott
History
The Next Step: A Plan for Economic World Federation
Nearing, Scott
Economic history
Some idea of the extent to which a modern industrial community is
dependent for its survival upon imported raw materials may be gained
from an examination of the trade figures for Great Britain. In 1920 the
total value of British imports was 1,936 millions of pounds sterling. Of
this amount, 767 millions (more than a third) were for food, drink and
tobacco, while another third (711 millions) were for raw materials.
Under these two general headings were included such items as grain and
flour 232 millions, meat 142 millions, cotton and cotton waste 257
millions and wool and wool rags 94 millions of pounds sterling. The two
main items of food and raw materials, covered more than three quarters
of all British imports. (Statesman's Year Book.)
But Britain is a relatively small and very much isolated community,
lacking some of the essential resources. It is therefore quite natural
that her trade figures should show such a result. The same thing is of
course true of Japan, Germany, Holland, Belgium, Italy, France, and in
fact most of the important industrial countries. This is taken as a
matter of course. Oddly enough, however, it is likewise true of the
United States, which is as near to industrial self-sufficiency as any of
the leading industrial nations.
Among the 5,278 millions of dollars worth of commodities imported by the
United States in 1920, there were 40 million pounds of aluminum, 143
million pounds of rice, 345 million pounds of cocoa and cacao, 1,297
million pounds of coffee, 510 million pounds of hides, 152 million
pounds of fresh meat, 603 million pounds of India rubber, 260 million
pounds of wool, 510 million pounds of paper stock, 1,460 million pounds
of paper, 8,074 million pounds of sugar, 4,459 million gallons of crude
oil, 130 million skins, and so on. Here are extensive imports of hides,
oil, paper, sugar, coffee, wool and rubber--seven of the most important
items of modern commerce. Well supplied as it is with varieties of
climate and resources, the United States is nevertheless compelled to
import large amounts of some of the most essential raw materials. Like
the nations of Europe, it is forced to depend, for these and other
industrial essentials, upon portions of the economic world that lie
outside the national boundaries.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account