The Fiscal Policy of International Trade Being a Summary of the Memorandum By
The Fiscal Policy of International Trade Being a Summary of the Memorandum By
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The total production continues to increase. Apprehensions have been founded on "the fact that between 1880 and 1900 the population of the United States increased 52 per cent. , but its cereal products only 27 per cent. It was perfectly natural to select for com- parison census years, because exact statistics of popula- tion are available only for them. But, unconsciously, some bias has been introduced thereby. For 1880 was an exceptional prolific year, and 1900 was not a very good one. If we in...vert the bias, and select for comparison the years 188 1 and 1893, we find the wheat crop rising from 383, 000, 000 to 685, 000, 000 bushels, and the maize crop rising from 1, 195, 000, 000 to 1, 924, 000, 000 bushels. " In large countries like Germany and France, them- selves producing much wheat, inland prices will not always correspond to those at the frontiers when the latter are determined by import duties^ Still, the actual correspond- ence has been remarkably close. "From 1820 to 1840 the average price of wheat in England was about double that in the specially wheat-producing districts of Germany, and quite half as much again as in the industrial districts of Westphalia and the Rhine Province; while now the price in Germany is about a third as much again as in England.
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To quickly assess the difficulty of the text, read a short excerpt:
The total production continues to increase. Apprehensions have been founded on "the fact that between 1880 and 1900 the population of the United States increased 52 per cent. , but its cereal products only 27 per cent. It was perfectly natural to select for com- parison census years, because exact statistics of popula- tion are available only for them. But, unconsciously, some bias has been introduced thereby. For 1880 was an exceptional prolific year, and 1900 was not a very good one. If we in...vert the bias, and select for comparison the years 188 1 and 1893, we find the wheat crop rising from 383, 000, 000 to 685, 000, 000 bushels, and the maize crop rising from 1, 195, 000, 000 to 1, 924, 000, 000 bushels. " In large countries like Germany and France, them- selves producing much wheat, inland prices will not always correspond to those at the frontiers when the latter are determined by import duties^ Still, the actual correspond- ence has been remarkably close. "From 1820 to 1840 the average price of wheat in England was about double that in the specially wheat-producing districts of Germany, and quite half as much again as in the industrial districts of Westphalia and the Rhine Province; while now the price in Germany is about a third as much again as in England.
What to read after The Fiscal Policy of International Trade Being a Summary of the Memorandum By?
You can find similar books in the "Read Also" column, or choose other free books by Alfred Marshall to read onlineMoreLess
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