THE FUTURE OF OUR FOREIGN TRADE - The Future of Our Foreign Trade - Address Given at a Dinner in New York City March 16, 1926

Sep 21, 2026

Uploaded by Skyler

Herbert Hoover’s address argues that foreign trade is central to the modern economic system and to national well-being, describing it as both a wartime strategy and a peacetime foundation for exports, imports, and resource utilization. The speech explains how international exchange supports production stability, workers’ security, and access to essential goods such as raw materials and commodities. It further links rising global population and living standards to expanding trade volumes, emphasizing the need to manage competitive exports—especially manufactured goods.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages12

Reading Time30 min

AccessFree to download

THE FUTURE OF OUR FOREIGN TRADE

VITAL IMPORTANCE OF FOREIGN TRADE

UPWARD MOVEMENT NOW IN PROGRESS

97-84069-6Hoover,Herbert # The future of our foreigntrade Washington # COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGRAPHIC MICROFORM TARGET ## ORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD | Box 198Hoover,Herbert Clark,pros.U.9.,1874-1964
...The future of our foreign trade,by Herbert Hoover,
secretary of commerce.An address given at a dinner in
New York city March 16,1926 under the auspices of the
Export managers’club of New York ...Washington,
Govt.print.of.,1926.
1p.L,14p.20x9=.
At head of title:Department of commerce.Bureau of foreign and do-
mestic commerce.Washington.
1.U.S.—Comm.1.U.S.Bureau of foreign and domestic commerce
(Dept.ef commerce)n.Title.
26-26306
HF3031.H6
Library of Congress
CNL1D
Cep2
13 | | --- | | | Reproductions may not be made without permission from Columbia University Libraries. ## RESTRICTIONS ON USE: TECHNICAL MICROFORM DATA FILM SIZE: 35mmBEDUCTION BATIO: 9:1 IMAGE PLACEMENT:IA (IIA)IB IB DATE FILMED: 130/97 INITIALS:TLM TRACKING\#: 23447 FILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA. THE EXPORT MANAGERS'CLUB OF NEW YORK COLUMBIA UNIVERSITY LIBRARIES This book is due on the date indlcated below,or at theexpiration of a defnite period after the date of borrowing,asprovided by the library rules or by speclal arrangement withthe Librarian in charge. Shine m ## THE FUTURE OF OUR FOREIGN TRADE | DATE BORROWED | DATE DUE | DATE BORROWED | DATE DUE | | --- | --- | --- | --- | | | 3195
MAY | 1 | | | | MAY.2451 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | C28(747)M100 | | | | This is a meeting of nine assoclations devotedto the interest of forelgn trade.I have been re-quested to address you upon its future.Thereis no subJect of more intense economie complexity.It is a maze of different phases of production anddistribution,international relations,internationalfinance,merchant marine,tariffs,trade discrimina-tions,government controls of raw materials,al-lied debts,the fashions,weather,and the shift ofeconomic movement of all sorts.Thirty minutesscarcely affords time for a preface to the subject.I wish to warn you that serious consideration ofthese matters does not lend itself to oratoricaljoy,nor can it be illuminated with humor.Butthe consideration of our major economic problensand the development of right policies by importantassociations such as yours have an interpretationinto more human blessings than have rivers foratory. Absurd as it may seem to you,our department isfrequently asked“Why all the worry about foreigntrade?"and we are admonished to cultivate our do-mestie market,the biggest and most profitablemarket in the world. The immediate purpose of those engaged in for-eign trade is remunerative adventure for the trader.But It has a far wider national importance thanthis,and the men engaged in it are engaged in afar more significant mission. ## VITAL IMPORTANCE OF FOREIGN TRADE Foreign trade has become a vital part of thewhole mpdern economic system.The war broughtinto high relief the utter dependence of the life ofnations upon it The major strategy of war is tocrush the enemy by depriving him of It.In peacetime our exports and imports are the margins uponwhich our well-being depends.The export of oursurplus enables us to use in full our resources andenergy.The creation of a wider range of custom-ers to each production unit gives to that unitgreater stabllity in produetion and greater securityto the workers. 89049°—26 (1) 2 And we may quite well vlew our exports fromthe other side of the trade balance sheet.T

FAQs

What does the speech identify as the major economic complexity of foreign trade?

It presents foreign trade as a maze involving phases of production and distribution, international relations and finance, merchant marine, tariffs, trade discriminations, government controls of raw materials, and allied debts.

Why is foreign trade described as vital in peacetime?

The speech states that exports and imports are the margins on which well-being depends, enabling full use of national resources and providing goods and raw materials that cannot be produced domestically.

What drives the increase in international trade according to the address?

Rising population and standards of living, scientific inventions, better utilization of national resources, and increased education and desires expand the needs of countries for imports, resuming an upward movement after setbacks like the Great War.

Sep 21, 2026

Uploaded by Skyler