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Facts Forum News, Vol. 4, No. 4, April 1955
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Facts Forum. Facts Forum News, Vol. 4, No. 4, April 1955 - File 023. 1955-04. University of Houston Libraries. University of Houston Digital Library. Web. September 18, 2019. https://digital.lib.uh.edu/collection/1352973/item/1259/show/1212.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1955-04). Facts Forum News, Vol. 4, No. 4, April 1955 - File 023. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/1259/show/1212

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 4, No. 4, April 1955 - File 023, 1955-04, Facts Forum News, 1955-1956, University of Houston Libraries, accessed September 18, 2019, https://digital.lib.uh.edu/collection/1352973/item/1259/show/1212.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Facts Forum News, Vol. 4, No. 4, April 1955
Series Title Facts Forum News
Creator
  • Facts Forum
Contributor
  • Evans, Medford
Publisher Facts Forum
Date April 1955
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 4 1955; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States: This item is in the public domain in the United States and may be used freely in the United States. The item may not be in the public domain under the copyright laws of other countries.
Item Description
Title File 023
Transcript —Wide World Photo Women watchmakers at Elgin, III. '""I political favoritism. This cartel was ut lo corner for itself the watchmaking .'"siiiess. In order to achieve this end, was selling Swiss watches in the "■'■iii ein market at prices below those "' American producers.1'' Bj 1953, 69.8 per cent of all wrist llJl'lies being sold here were foreign made." CONSUMER BENEFIT TEMPORARY ' lie American consumer weis tem- '"'ruri|y benefiting from a relatively low '"""'<■ mi wall lies. Tlie- payoff to the in- , "Rational cartel was to come when it '"' a monopoly. Then the American "sitnier would have suffered from high ■ '"''Ii prices far more than be has ever ""efited from low prices.15 'he highly skilled ami specialized "fleers in American watchmaking fac- "r"s would have been thrown out of I "'Iv and the factory owners driven to k|*kruptcy. "il thi- damage to our economy .,'"''1 have- liee-ii infinitely less serious r '"' lhe damage In our national demise. ." lime of war or of urgent prepa- !°n for war American watch- it'll s ""' ''"' ""'y people wilh the "ad ,.'"' of the modern instruments and "^Ics of war." it liont a healthy, productive, Ameri- t' ' Watchmaking industry, America in | '''. of war would he al lhe mercy of u eign workmen and factories, under .control of foreign governments. lv. " raising our tariff on foreign !, "ps In 1954. Presidenl Eisenhower ,., ''' llii- nation from that disastrous ,i'"''II"iii: and for lhal action. In- de ""stinting praise.1' lhe tools, the facilities, for pro- [ tin' delicate timing mechanisms Tl "' American laborer is many times made a bigger capital investment to give him heller tools. American industry could therefore compete in any free market in the world. The catch is lhal eliminating our tariffs would nol create a free market. It would drive lhe wage level of American workers down lo the sweatshop levels which prevail in every nation on earth except ours. Il would throw millions of Americans out of work, and it would put the American farmer and manufacturer in competition with international cartels subsidized eind controlled by foreign governments which could use them to destroy vital American industries and place the American consumer at the in,nv of ei foreign monopoly. Europe has a population — which means a consumer market — almost twice as large as ours. If Europeans rcallv want free trade, let them eliminate ""it,. kl I"" 'l,"<" els, CTS FORUM NEWS, April. 1951 e. because private imlusiry has —Wide World Photo Giant U.S. rail press, largest ever built, being dismantled for shipment to the USSR in 1945. their own tariffs and trade barriers, which are far higher and more destructive of free trade than ours ever were.'" CURE FOR ECONOMIC ILLS If European politicians and American internationalists would spend less time milking the American taxpayer ami converting lln- American market into a dumping ground for the products "I foreign government-controlled monopolies and would spend more lime' trying lo create in Europe the same km.I eif free market we have in America - Europe could cure her own economic Ml-." It isn't dollars that Europeans need. They need freedom freedom from the socialistic, stateistic systems which they launched and which we have been keeping afloat with our foreign aid. The answer to ihe world's economic ills is not to eliminate American tariffs. \earlv 60 per cent of the goods we import already come in free of all duty. II we wen' in drop all tariffs before freeing our own economy of strangulation taxes and controls (and before other sections of the world establish free- trade areas and raise their own standards of living), we would merely drag lhe American farmers, laborers, white collar workers, and business and professional men down to the level of their foreign competitors. Bibliography 1 "Traele'. Neet Aiel" leirtiele' h\ Henry |la/- litt inserted l»> Men. Lawrence 11. Smith), Congressional Record, Men. 23, 1953, p. AI56K. - Ih'iirv Keen! II, as quoted in Christian Science Monitor, Feb. 18, 1953. '■' "Higher U.S. Tariffs Weenie! Set Europe Haek.'" Winston-Salem (N.C.) Journal I llileleile'il clipping I . 4 Remarks eel Sen. A. Willis Robertson, Congressional Heard. Jan. 23, 1953, p, 526, ■'■ Remarks <»f Sen. A. Willis Robertson, in- s,',t,',l hv II..ii. John C. Sti'iini-. Congressional Record, July 6, 1953, pp. A1099- A4100. c "Free Traele Is Inevitable,*1 Rentier's lli- gest. June, 1953, pp. ft.3-66. 7 "The Assault ein Trade' Barriers" teertirl,' hy lleerry '.. Ke'iilie-y. Chiistiiin .silence Manilla, inserted unele-i remarks "1 Sen. Keel' ertson). Congressional Record, Jan. 23. 1953, p. 525. » U'nll Street Journal. \,.v. 21. 1952. 9 "31 cts,," ley F. A, Harper, pamphlet hy Foundation for Economic Education, Im.. 1947. 10 "Lowrrinii tlie- Tariff." ley John Allan Mav. Christian Science Monitor, Nov. 23. 1953. 11 Remarks eef Hon. Cleveland M. Bailey, Congressional Record. Jan. 22, 1953. pp. A23S-A234. I* Remarks e,( Sen. (..-ore:,' W. Malone, Congressional Record. Mar. 6. 1953. pp. 1692 1696. t* Remarks eef Sen. Dworshak, Congressional Re.ord. Feb. 20, 1953, pp. 1337-1338. 14 Remarks nl linn. And,,'). V. S, i,,.. p|.,l. Congressional Retold. Fell. 25, 1953, pp. V950-A952. '•' lliininn Events, s.ug. 1. 1954. —Wide World Photo Organizations like the Kromhout Manufacturing Company of Amsterdam have received tens of thousands of dollars in Marshall Plan aid. With these funds, American machine tools were imported and production stepped up. Pajfe 21 ^
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