Download World Metal Markets: The United States Strategic Stockpile by Patricia Perkins PDF

By Patricia Perkins

The U.S. holds strategic stockpiles of approximately a hundred commercial minerals, metals, and different commodities. those stockpiles have encouraged the realm commodity markets in lots of methods. This paintings brings jointly in a single position, documentary and statistical proof concerning the measurement and nature of the U.S. strategic stockpiles, and the ways that this impact has been evidenced, in markets for the $64000 commercial metals.

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Extra info for World Metal Markets: The United States Strategic Stockpile and Global Market Influence

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S. metals production. S. political debates: how much government intervention in the economy is warranted or desirable? S. supplies of certain metals. These should therefore be purchased as cheaply as possible from their foreign producers and held for possible use in wartime, in order to strengthen the immediate military capabilities of the United States in the event of a sudden conflict. Control of the stockpile should remain firmly in the hands of the defense establishment. , the stockpile should intervene in the markets for these commodities as little as possible.

Agricultural commodities (which had been accumulated to support farm prices) should be bartered for less perishable commodities (such as metals and ores for the stockpile). S. farm surplus products had to be exported under the terms of this act, so in practice most of the goods received in return were foreign-produced. S. S. wheat, wool, corn, and other products for foreign-produced commodities. S. laws further affected the stockpile in the same period: the Economic Cooperation Act of 1948 and the Mutual Security Act of 1951.

As the case studies in this volume make clear, this had the effect of dampening price increases and, in some cases, helping to depress markets for a number of stockpiled commodities. S. government policy statements about the stockpile endeavored to downplay its potential for planned market intervention. " The most recent amendments to the stockpile legislation continue to include a similar statement, which has been a part of the stockpile acts throughout their history: "The purpose of the National Defense Stockpile is to serve the interest of national defense only.

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