World Trade, Tariffs, and War Debts

Archive Report

New World Attack Upon Barriers to Trade

As the world depression, ushered in by the New York stock market collapse of September-October 1929, enters its fourth year preparations are going forward at Geneva for an international economic and monetary conference, to be held at London late in 1932. The main purposes of this conference will be to devise methods of (a) “restoring currencies to a healthy basis, and of thereby making it possible to abolish measures of exchange control and to remove transfer difficulties,” and (b) “facilitating the revival of international trade.” Since the beginning of the depression international trade has declined by more than one-half. During the last twelve months the rate of decline has been accelerated by monetary difficulties throughout the world, growing ...

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