Americans Losing Purchasing Power?
England is having plenty of trouble selling in American market. All that hope of getting heavy dollar credits through sales of baby autos to U.S. has been evaporated by falling prices in the States. The American public is losing its purchasing power; they have had seven months ,of unemployment increases over there. American business has decided to sell a few things at more nearly what they are worth, including motor cars. The old figure of 2000 British-made autos per month is now down to 550, and rapirly approaching the pre-war record of selling only 45 cars to U.S. in the entire year 1936. With no foreign market for either American or British cars, and a shrinking market for cars at home in both nations, the cycle of unemployment will continue its merry way. This is the sort of thing the Communists are counting on. They think there aren’t enough brains in high places of the capitalist countries to solve the problem.— “ Kiw i"
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/BPB19490907.2.32
Bibliographic details
Ngā taipitopito pukapuka
Bay of Plenty Beacon, Volume 14, Issue 35, 7 September 1949, Page 5
Word count
Tapeke kupu
167Americans Losing Purchasing Power? Bay of Plenty Beacon, Volume 14, Issue 35, 7 September 1949, Page 5
Using this item
Te whakamahi i tēnei tūemi
Beacon Printing and Publishing Company is the copyright owner for the Bay of Plenty Beacon. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Beacon Printing and Publishing Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in