Trade Decline Quotes

The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.

Two months ago we were facing serious problems. The country was dying by inches. It was dying because trade and commerce had declined to dangerously low levels; prices for basic commodities were such as to destroy the value of the assets of national institutions such as banks, savings banks, insurance companies, and others. These institutions, because of their great needs, were foreclosing mortgages, calling loans, refusing credit. Thus there was actually in process of destruction the property of millions of people.

Trade's proud empire hastes to swift decay.

If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history.

This high official, all allow, is grossly overpaid; there wasn't any Board, and now there isn't any Trade.

England must either lose her colonies or destroy them in the effort to hold them, and in either event there would be the same loss of trade, the same decay in manufactures, and the same destruction of national credit.

His trade is doomed.

When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.

A depression is a large-scale decline in production and trade...there is nothing in the nature of a free-market economy to cause such an event.

An economic recession—even when it is of long duration—does not necessarily involve a decline in all trades.

Americans did not suffer alone. World trade overall fell two-thirds in the first few years of the Depression.

Sanctions have nothing to do with this [relations with the People's Republic of China]. The decline in our mutual trade has objective causes, which are the energy prices and the exchange rate difference. But the physical volumes have not decreased, quite the opposite actually. They are growing.

There was surely not a third of the usual shipping, nor a quarter of the accustomed cotton. Here and there were wharves perfectly bare, not only of masting and of freight, but even of dust, as if they had not been used for days, or possibly for weeks.