GIPE-PUNE-OIIOI2 - DSpace@GIPE

00 WORLD~CRISIS· : INDUSTRIAL REVOLUTIONS
~erican crash of September, 1929, with which theresent
depression has commenced.
The restoration of a more or less normal condition of
lingS would require _ the revival of the lendings and
orrowings of capital. A feature of the present crisis
:msists in the fact that lending countries have failed to­
:nd as much" as they generally do and that borrowing­
:>untries have not been able to obtain as much loan as
ley "normally" obtain.
The following table exhibits the tendencies towards·
le fall in capital expol1s (in dollars) since 1928 (omitting:­
oo,Ooo's) :
Country 1928 1929 1930
I- Czechoslovakia 53 31 X
2. Great Britain 667 672 190
3. U.S.A. 1.036 233 213
The drop in the export of capital from these three
)untries is extraordinary. 35 Not less extraordinary is
le drop in the import of capital into those countries which
re used to borrow of foreign markets. The following:­
lble exhibits the position of the borrowing countries in.
:gard to their capital imports (in million dollars) :
Country 1928 1929 1930
I. Argentinl' 131 38 X
2. Australia 193 166 X
3. Finland 40 12 X
4 Germany 1,017 567 17()
5. Hungary 88 37 X
6. India 67 36 X
7. Norway 34 8 X
8. Poland 140 58 X
.Total 1,710 932
35 The Course and Ph-ases, etc., pp. 201-203.