Excerpt from Commercial Relations of the United States With Foreign Countries During the Year 1901, Vol. 1 of 2 Notwithstandin the continued spread of our goods in Europe and the deductions to fie made from the Treasury figures on the score of accidental or natural causes of decline in manufactured exports, it is evident that the American invasion of Europe has ceased for the time being to be of the sweeping character that distinguished it at first as an economic phenomenon. Our advantages in industrial com petition, in the abundance and chea ness of raw material and fuel, in the superior efficiency of our Skilled abor, in the unexampled fecundity of our people in the invention of labor-saving machinery, and the advances we are constantly making in economics of production are still the sub'ect of much anxious speculation in the great industrial centers of urope, but there are some forci n observers who are encouraged by recent develo ments to hope t at conditions may be more nearly equalized by t e substitution of new processes and improved machinery modeled on our own and the adoption of legis lative measures aimed especially at our goods. It was pointed out in the review a year ago that In the reports of the consular officers for 1900 there ran, along with a common note of satisfaction, a warn ing here and there of a more strenuous competition, which in the end ma counterbalance our superior advantages to a considerable extent an check our progress in the world's markets unless we e uip ou selves in the meantime for the ultimate phases of the strug Ee. AS yet, it can not be said that Europe has made any sensible progress in actual performance toward more strenuous competition. The meas ures ado ted thus far are almost wholly tentative or preparatory, and it may e that those which involve restrictive legislation will be abandoned, if the United States should consent to modify its tariff policy and permit the importation of a larger volume of European goods in return for similar concessions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.