GIPE-PUNE-OIIOI2 - DSpace@GIPE

276 W::RLD-c..~SIS: K'IIJt]STRIAL RE.VOLUTIONS
Germany the 1929 index of production was 21.5% higher
than· that for 1925 but the number of workers was not
more than 5 per cent higher. The annual increment of
output per head is then 5 %. In Great Britain the output
per head rose 10% from 1907 to 1924 arid 1.1 % from 1924·
to 1929. And yet this rationalization-unemployment,
although more or .less unprecedented in scale, is not
nec~ssarily an index to the relative poverty or prosperity
at two dates ..
But all the same, nobody can deny that it is possible
to find something special in the .economic condition ~f
the last two or three years. The facts indeed lie on the
surface.
According to the findings of the Economic Committee
of the League of Nations ll announced in June .1932
world-trade to-day is nearly 50 per cent (in monetary
value) of what. it was· in the' first quarter of 1929. In
weight, however, the decline is not so great but yet quite
sui?stantial. Thus British coat exports have declined
from 50,051,000 tons in 1928 to 42,749,000 tons in
],931 . Some of the other declines in exports. may
be envisaged: in the following ·table :
Goods exported in 1928 in 1931
1. British cottons. 415,000 tons 214,000 tons
2. American automobiles 507,000 cars 120,000 ..
(ten months) .
3. German chemicals 4,658,000 .. 3,184,000 ..
4. Belgian meotallurgicals 5,330,000 .. 4,336,000 ..
5. F renchtextiles 235,000 .. 180,000 ..
11 World-Trade (Paris); Junrt 1932, p. 2;