CHAPTER X 

 PROTECTION FOR AGRICULTURE 



The war has opened world-wide competition 

 for American farmers. Our magnificent re- 

 sources in food production which served so ef- 

 fectively to aid the Allies in winning the war, 

 though they still have the temporary outlet in 

 Europe, must ultimately meet the competition 

 of similar products produced with cheap labor 

 in other countries. 



The buying power of the American people is 

 viewed with longing by those in other countries 

 whose markets have been narrowed as a result 

 of the war. The wealth of this country and 

 its high consuming power per capita make it 

 the object of the desire of traders the world 

 over. As soon as world affairs have become 

 better adjusted, our markets will be entered by 

 the products of many countries whose natural 

 resources and low standards of living enable 

 them to produce at much lower cost per unit. 



The war has also compelled us to build and 

 develop the basis of a great merchant marine 



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