Before World War II, exports were thought of as just another source of income (less than 10% of the total) for U. S.
business. World War II has inflated the word's meaning, made it sound like a symbol of the next boom. Last week, Department of Commerce figures on U. S.
foreign trade for 19403 first quarter enabled businessmen to assess the realities.
Exports were way up: 51% ahead of the first quarter of 1939. But they were not up enough to lead the U. S. economy into a boom. Instead of booming,...