AFFECTED BY THE

EUROPEAN WAR

The Annals

VOLUME LX

JULY, 1915

EDITOR: CLYDE LYNDON KING

ASSISTANT EDITOR: T. W. VAN METRE

EDITOR BOOK DEPT.: ROSWELL C. MCCREA

EDITORIAL COUNCIL: J. C. BALLAGH, THOMAS CONWAY, JR., S. S. HUEBNER, CARL
KELSEY, CLYDE LYNDON KING, J. P. LICHTENBERGER, ROSWELL C.
MCCREA, SCOTT NEARING, E. M. PATTERSON, L. S. ROWE,
ELLERY C. STOWELL, T. W. VAN METRE,

Copyright, 1915, by

AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE

All rights reserved

EUROPEAN AGENTS

ENGLAND: P. S. King & Son, Ltd., 2 Great Smith St., Westminster, London,

S. W.

FRANCE: L. Larose, Rue Soufflot, 22, Paris.

GERMANY: Mayer & Müller, 2 Prinz Louis Ferdinandstrasse, Berlin, N. W.

ITALY: Giornale Degli Economisti, via Monte Savello, Palazzo Orsini, Rome.
SPAIN: E. Dossat, 9 Plaza de Santa Ana, Madrid.

CONTENTS

PART I-AMERICA'S INTERNATIONAL TRADE AS AFFECTED BY

THE EUROPEAN WAR

Page

AMERICA'S INTERNATIONAL TRADE AS AFFECTED BY THE

EUROPEAN WAR....

1

William C. Redfield, Secretary of Commerce, Washington, D. C.

THE FUTURE OF AMERICA'S FOREIGN TRADE

Theodore H. Price, New York.

17

THE EFFECT OF THE EUROPEAN WAR ON AMERICA'S TRADE

WITH INDIA..

Daniel Folkmar, Editor of Handbook of India, Department of Com-

merce.

TRADE POSSIBILITIES IN GERMANY AND AUSTRIA.

35

Isaac Wolf, Jr., President of the American Association of Commerce

and Trade, Berlin.

COÖPERATION IN EXPORT TRADE.

39

William S. Kies, of the National City Bank of New York.

THE IMPORTANCE OF AN AMERICAN MERCHANT MARINE..

Bernard N. Baker, Baltimore, Md.

52

PART II-RELATIONS OF THE UNITED STATES WITH CENTRAL

AND SOUTH AMERICA AS AFFECTED BY THE EUROPEAN WAR

THE FUNCTION OF GOVERNMENT IN ITS RELATION TO IN-

DUSTRY..

58

Joseph E. Davies, Chairman, Federal Trade Commission, Washington,

D. C.

CENTRAL AND SOUTH AMERICAN TRADE AS AFFECTED BY

THE EUROPEAN WAR.....

60

James A. Farrell, President of the United States Steel Corporation and

Chairman of the National Foreign Trade Council.

TRADE RELATIONS WITH CENTRAL AND SOUTH AMERICA AS

AFFECTED BY THE WAR...

69

John Hays Hammond, New York City.

TRADE RELATIONS IN LATIN AMERICA AS AFFECTED BY THE

EUROPEAN WAR...

72

Edward Ewing Pratt, Chief, Bureau of Foreign and Domestic Com-

merce, Washington, D. C.