"Balance of trade" Quotes from Famous Books
 ... for you, Mr. President, to say whether the whole nation shall be plunged into bankruptcy (the slaves were valued as property at two thousand million dollars!); whether the grass shall grow in the streets of our commercial cities." (The balance of trade against the South to the manufacturing and supplying North ...
— The Lincoln Story Book • Henry L. Williams
... commodities. Imports and exports vary with changing foreign trade balances. Large amounts of gold normally go to London, because Great Britain requires all gold produced in the colonies to be sent to England; but since England ordinarily has an unfavorable balance of trade, much of this gold is reexported. The United States up to a few years ago was also a debtor nation, and more gold was exported than was imported. During the war, however, this country became the greatest of the creditor nations and imports of gold, chiefly from Europe, ...
— The Economic Aspect of Geology • C. K. Leith
... colonial produce to the extent of five millions yearly; and which in every case, but especially in bad seasons, when large supplies of continental grain were necessary for the food of her population, always secured a large balance of trade in her favour, and which would again be the case if she adopts the ...
— Blackwood's Edinburgh Magazine - Volume 55, No. 344, June, 1844 • Various
... the old member who has written an appeal against the tax, that "as the produce of American labour is spent in British manufactures, the balance of trade is greatly against them; whatever you take directly in taxes is, in effect, taken from your own commerce. If the minister seizes the money, with which the American should pay his debts, and come to market, the merchant cannot expect him as a customer, nor can the debts, ...
— The Works of Samuel Johnson, Vol. 6 - Reviews, Political Tracts, and Lives of Eminent Persons • Samuel Johnson
... was his first duty to promote. At this conjuncture it happened that the Chinese had discovered what they thought to be a new grievance against the foreign traders in the steady efflux of silver as the natural consequence of the balance of trade being against China. In a report to the throne in 1833 it was stated that as much as 60,000,000 taels of silver, or $100,000,000, had been exported from China in the previous eleven years, and, as the Chinese of course made no allowance for the equivalent value imported into their country, ...
— China • Demetrius Charles Boulger |
