This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...as well as from other lines of business. Practically every such city is engaged in buying and selling articles which it neither uses nor produces, but which are produced or used by its immediate hinterland. In addition to this many commercial cities located on seacoasts serve as entrepots, that is, they bring products ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...as well as from other lines of business. Practically every such city is engaged in buying and selling articles which it neither uses nor produces, but which are produced or used by its immediate hinterland. In addition to this many commercial cities located on seacoasts serve as entrepots, that is, they bring products from many regions, chiefly across the water, Courtesy, Seattle Chamber of Commerce. Fig. 56.--Municipal Docks at Seattle. This pier, when built, exceeded any other in area. It has five miles of railroad tracks, and ten large ocean vessels can be accommodated at once, and sell them not merely as imports but for re-export. London, for instance, has a great reputation for colonial and tropical products such as hemp, wool, and spices. It monopolizes the transportation routes to many regions where these products are raised, so that it is much easier for other cities to buy them from London than to get them direct, even though the direct route may be shorter than via London. To stand their roundabout journey the goods must be non-perishable and of high value in proportion to their bulk. Antwerp and the Dutch cities also have a large entrep6t trade, the remnant of the commercial power once held by the Dutch East India Company. Complex Commercial Cities as Centers of Exchange.--The most highly developed commercial cities, especially London and New York, carry the entrepot trade one step farther by making the transactions without handling the actual goods. Thus a shipment of cotton direct from New Orleans to Yokohama may be the result of a business transaction by a Wall Street broker. Such exchange cities grow because a commercial center tends to become a financial center. It gathers a surplus for investment not only from its own business, but from the...
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