"The U. S. for some years has been the leading exporter among the nations of the world. . . . We export, on the average, more than one-third of our total production of leaf tobacco, half of our cotton, half of our phosphate rock and between a fourth and a half of our total production of canned and dried fruits. Among manufactured products, we export from a fourth to a half of our total production of sewing machines, printing and bookbinding machinery, office appliances, agricultural implements and aircraft. One out of ten of all American-made automobiles normally goes abroad....

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