Chile Today and Tomorrow

Chile Today and Tomorrow

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ... 5 to 12 a ton to London, and $30 to $50 to New York, a handsome profit remained to producer and distributor. This prosperous period lasted until the general world paralyzation of markets was felt, and the big Government nitrate stocks of the United States and Europe were released. In 1921 the international dealers, with stocks of high-priced nitrate on their hands, faced the delayed post-war slump, and formed a pool to maintain prices at fourteen shillings per quintal. Sales were reduced to vanishing point, and the way was opened for more extensive rivalry from the sulphate of ammonia trade; eventually the pool agreed to lower prices upon an arrangement with the Nitrate Producers' Association, by which 1,500,000 was accepted as part compensation. This sum is collected by a small levy upon all nitrate exported. Prices were then reduced to eleven shillings per quintal up to December, 1921, and to 10 s. 3 d. for deliveries in the spring of 1922. At these prices trade revived appreciably, and the world's need for nitrogenous fertilisers set freights moving again. Continuing for more than a year, the nitrate crisis affected no one more acutely than the Government of Chile, for in addition to finding themselves suddenly deprived of the most substantial part of their national revenues, they were faced with a staggering-amount of unemployment. The oficinas, of which all but 45 were forced to close as a result of the moribund market, discharged some 40,000 men. There is no work in the Desert of Atacama apart from nitrate and copper industries; the land produces no food and there is nowhere to live. A stream of unemployed workers was almost immediately directed southwards, and while a proportion was absorbed by the farming and more

Product details

  • Paperback | 100 pages
  • 189 x 246 x 5mm | 195g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236541138
  • 9781236541130
  • 2,299,024