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Editorial
August 23, 1915
The Tacoma Times
Tacoma, Pierce County, Washington
What is this article about?
Roger Babson analyzes post-WWI economic fallout for the US due to Europe's recovery needs, stressing global interdependence and calling to end the war to mitigate shared depression. (148 characters)
Clipping
OCR Quality
95%
Excellent
Full Text
THE TACOMA TIMES
AFTER THE WAR, WHAT?
BABSON GIVES VIEWS
Economic Laws Know No Boundaries
If Europe cuts down her purchases from us, this certainly means that our exports will fall off, that our mills will shut down, and that there will be a long business depression in this country until Europe makes up her losses and again gets on her feet. If, on the other hand, in order to adjust this balance, we greatly increase our purchases from abroad, this will give our mills LESS TO DO. I wish I could see some way by which we could avoid sharing the business depression which must some day follow this war, but I cannot see any way out. Although czars, emperors, and even our own patriotic societies endeavor to make the people of the different countries believe that they are not brothers one of another, yet these efforts are of no avail when it comes to the final settlement. Economic laws recognize neither boundary lines nor race prejudice. In the eyes of economic law we are all brothers one of another, whether Germans, Englishmen, Russians or Americans. Why in the world we don't have sense enough to recognize this is more than I can understand. As we must share the losses with our European brothers, after the war is over, why don't we have sense enough now to rise in our might and urge that the fight be stopped?
AFTER THE WAR, WHAT?
BABSON GIVES VIEWS
Economic Laws Know No Boundaries
If Europe cuts down her purchases from us, this certainly means that our exports will fall off, that our mills will shut down, and that there will be a long business depression in this country until Europe makes up her losses and again gets on her feet. If, on the other hand, in order to adjust this balance, we greatly increase our purchases from abroad, this will give our mills LESS TO DO. I wish I could see some way by which we could avoid sharing the business depression which must some day follow this war, but I cannot see any way out. Although czars, emperors, and even our own patriotic societies endeavor to make the people of the different countries believe that they are not brothers one of another, yet these efforts are of no avail when it comes to the final settlement. Economic laws recognize neither boundary lines nor race prejudice. In the eyes of economic law we are all brothers one of another, whether Germans, Englishmen, Russians or Americans. Why in the world we don't have sense enough to recognize this is more than I can understand. As we must share the losses with our European brothers, after the war is over, why don't we have sense enough now to rise in our might and urge that the fight be stopped?
What sub-type of article is it?
Economic Policy
Foreign Affairs
War Or Peace
What keywords are associated?
Post War Economy
Global Trade
Business Depression
Economic Laws
End The War
International Brotherhood
What entities or persons were involved?
Roger Babson
Europe
United States
Germans
Englishmen
Russians
Americans
Editorial Details
Primary Topic
Post War Economic Implications And Call To End The War
Stance / Tone
Advocacy For Peace Through Economic Interdependence
Key Figures
Roger Babson
Europe
United States
Germans
Englishmen
Russians
Americans
Key Arguments
If Europe Cuts Purchases From Us, Exports Fall, Mills Shut Down, Leading To Business Depression Until Europe Recovers
Increasing Us Purchases From Abroad Gives Mills Less To Do
No Way To Avoid Sharing Europe's Post War Business Depression
Economic Laws Know No Boundaries Or Race Prejudice, Recognizing All As Brothers
Urge To Stop The War To Avoid Sharing Losses With European Brothers