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The American Economy: The Bitter Amidst the Sweet Newsletter Clipping, Spring 1959
Newsbriefs
A Clipsheet
Spring 1959
Number 35
THE TWENTIETH CENTURY FUND
41 East 70 Street, New York 21, N. Y.
THE AMERICAN ECONOMY: THE
Mankind may use 15-20 million tons
POLITICAL INTEREST FIRST
If hydroelectric plants were to be es-
BITTER AMIDST THE SWEET
of salt, about half the total output, in
tablished at all sites of falling water
food and for livestock, notes a report of
IN U. S. ECONOMIC AID
throughout the including the
"The primacy of the American econ-
the Twentieth Century Fund. The rest
"The United States has vital interests
powerful waterfalls in Central Africa,
omy, in its productiveness which
is used for industrial purposes.
at stake in the course of events in those
the Amazon River, the rivers of Siberia
yielded a per capita income in 1949
vast areas now stirring with social un-
and the Himalayas-a if the energy
higher by 67 per cent than that of the
In the 1890s the United Kingdom
rest and resentment of their impover-
produced were delivered without heavy
country ranking second (Canada) and
launched more than 80 per cent of
ished material state. First and foremost
loss to places where it is needed, the
in the opportunities it affords to indi-
the world's merchant shipping tonnage,
in the present international scene comes
Twentieth Century Fund estimates that
viduals, is well recognized. Its defects-
notes a Twentieth Century Fund re-
its political interest. The United States
it could satisfy about half the current
susceptibility to business cycles, a high
cannot stand idly by and witness the
demand of the world.
port.
degree of personal insecurity, inequality
recruitment of the populous countries of
of wealth, concentration of economic
Asia and perhaps even of Africa and
power, waste of natural resources, ugly
Latin America to Communism. Not that
and vulgar manifestations-are linked
the United States can purchase friend-
with its virtues. The drive to produce
ship or political allies by its loans,
contributes to business cycles and often
grants or technical aid; for the gratitude
ignores aesthetics; individual opportu-
of the recipient countries may be
nity implies a risk of failure and a
strongly tinged with injured pride or
chance of accumulating great wealth
suspicion, and at best will be only tran-
and power; high wages encourage ex-
sitory. Rather, the guiding fact is that a
penditure (or 'waste') of materials in-
country of satisfactory material well-
stead of labor. Few Americans would be
being is rarely, if ever, a voluntary con-
willing to sacrifice the virtues of their
vert to the ranks of Communism. It is
economy in order to get rid of its de-
vitally necessary to the United States to
fects."-from the Twentieth Century
offset the 'quick and easy' remedies of
Fund study, "Antitrust Policies: Amer-
Communism through violence and ex-
ican Experience in Twenty Industries,"
propriation by creating the external
by Simon N. Whitney.
China produces more tea than any
conditions under which an impover-
other country-about half of all in
The average person consumes
ished people may, by its own efforts,
the world-but consumes most of its
One of the factors responsible for the
raise its levels and standards of living
twelve pounds of salt a year, says a
growth of the hatchery industry in the
crop, notes a Twentieth Century
and yet maintain its political inde-
study of the Twentieth Century
United States was the fact that in 1918
pendence."- the Twentieth Cen-
Fund.
Fund study.
it became possible to ship chicks by par-
tury Fund study "Approaches to Eco-
cel post, a Twentieth Century Fund
nomic Development," by Norman S.
study points out.
Buchanan and Howard S. Ellis.
One of the dramatic innovations in
QUICK TREE GROWING IS NEW
the textile industry in the eighteenth
One reason why Cuba is so ideal for
SECRET OF HYBRIDIZERS
Cheese is made in some five hundred
century in addition to the new mech-
growing sugar cane is evident in the
varieties, notes a Twentieth Century
anization was the substitution of chlo-
fact that four to eight crops a year from
Technological progress in silviculture
Fund report, and from the milk of many
rine for sunlight as a bleaching method,
the same planting are usual there,
opens new horizons for the future, notes
animals. The Lapps and Eskimos make
with a saving of nearly six months time
whereas in such sugar-producing areas
a recent Twentieth Century Fund re-
cheese from reindeer milk, the Arabs
in the process of whitening cloth, notes
as India or Indonesia only one crop can
port. It is anticipated that in the not too
from camels' milk; llama cheese is pop-
a Twentieth Century Fund report.
be obtained from one set of canes, notes
distant future hybrid forest trees will
ular in the Cordilleras in South Amer-
a report of the Twentieth Century
grow to harvest size in half or even a
ica, and zebu cheese in Ceylon and
The $150 million or SO the oil industry
Fund.
third the time required by a good non-
India.
is spending on research annually is re-
hybrid tree. There is already a hybrid
flected in such advances as the eight-
pine which, at three years, is more than
fold output per man-hour in a typical
twice as high and three times as heavy
refinery between 1901 and 1951, notes
as the better type of the parent stock.
a Twentieth Century Fund report.
It is confidently predicted that hybrid
tree strains will be as common in twenty
years or SO as hybrid corn is today.
The first basic patents to make "arti-
When that time comes, commercial
ficial leather" date back to 1855, and
plantations could produce two or three
"leatherette" has enjoyed a long-time
times as much timber as is produced by
popularity for such things as baby bug-
natural growth or by planting standard
gies, book bindings and inexpensive
stock.
handbags, notes a Twentieth Century
Fund study.
Lumber is actually becoming a syn-
thetic product, frequently being made
The antitrust policy of the United
from chips and scraps pressed together,
States has until recent years been al-
and the now old-fashioned plywood is
most unique, no country having adopted
being supplanted by a wide variety of
The United States is the world's
so thorough a system of laws against
Sunflower seed is the most impor-
"densified woods" produced under great
largest producer of eggs, with an
combinations and restraints of trade in
tant oil-bearing crop in the USSR,
heat and pressure and with the use of
output exceeding that of all Europe,
industry, notes a Twentieth Century
says a report of the Twentieth Cen-
synthetic resin binders, notes a study
according to a Twentieth Century
Fund report. The Canadian law is per-
tury Fund.
of the Twentieth Century Fund.
Fund report.
haps the most effective foreign legisla-
tion, but it lacks our prohibition of
monopoly.
The share of water power in the out-
Asia accounts for more than 95 per
put of electricity ranges from more than
A single large steel mill may require
cent of the world's output of tea, with
99 per cent in Switzerland, Norway and
as much as 500 million gallons of water
Honduras, one of the smaller nations
the rest being grown in Africa and the
Sweden, and almost 90 per cent in
a day, enough to supply all normal daily
of the world, with an area of 43,277
USSR, notes a Twentieth Century Fund
Austria and Japan, to less than 3 per
requirements of a city of several mil-
square miles, is nevertheless the second
report.
cent in the United Kingdom, Denmark
lion people, notes a Twentieth Century
largest of the five Central American re-
and Belgium, notes a report of the
Fund survey.
publics, ranks fourteenth in size among
Twentieth Century Fund.
Output of soybean oil in the United
the twenty Latin American nations, and
States now exceeds that of cottonseed
"Naval stores" is a trade term for tur-
is almost equal in extent to the com-
Fresh water is our primary self-
bined area of three of the more ad-
oil, previously the chief vegetable oil
pentine and rosin which dates from the
produced in this country, notes a Twen-
renewing resource, notes a Twentieth
vanced European countries, the Nether-
days when the ropes of wooden sailing
tieth Century Fund report.
Century Fund study, and our supply
lands, Switzerland and Denmark, notes
vessels were lubricated and the seams
of it is enormous. The total quantity in
a new Twentieth Century Fund report.
calked with pitch and tar, notes a sur-
constant circulation, measured by the
vey of the Twentieth Century Fund.
Although each year more than 600,000
average annual precipitation over the
Tin, of which the U. S. is a major
Americans alone visit Mexico as tour-
United States in the form of rain and
consumer, is outstanding in its high
ists and more than a million tourists
snow, amounts to about 4,300 billion
About 740 million acres of land in 17
antifriction property, extreme malle-
and other travelers move into the
gallons daily. About 3,000 billion gal-
western states - almost 40 per cent of
ability, high resistance to corrosion, low
Caribbean area, fewer than 25,000 vis-
lons return to the atmosphere through
the area of the continental S.
melting point (a quality it imparts to
itors go to Honduras in any capacity,
evaporation and transpiration, and the
ceive too little rainfall to ensure general
alloys) and ability to adhere closely to
notes a new Twentieth Century Fund
rest runs off to the sea. But our use of
agriculture, says a Twentieth Century
metals, a quality useful in soldering,
survey.
fresh water is also enormous.
Fund survey.
notes a Twentieth Century Fund report.
The items in this clipsheet are prepared primarily for the use of newspaper editors as fillers. They are taken from studies published by the Twentieth Century Fund, the names of which
may be obtained by writing to the Fund. ALL OR ANY PART OF THIS MATERIAL MAY BE REPRODUCED WITHOUT SPECIAL PERMISSION
The Twentieth Century Fund, an endowed foundation for research and public education on economic and social problems, was founded in 1919 by the late
Edward A. Filene. The Fund's income, administered as a public trust by a Board of Trustees, is devoted entirely to its own research and educational activities.
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The American Economy: The Bitter Amidst the Sweet Newsletter Clipping, Spring 1959
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1959