Evening star., 1933-12-10
Progress of Recovery Abroad
BY FREDERIC ]. HAsKIN.

While the United States, with the
aid Of whole battery Of new laws en-
acted by Congress last Spring, Is max
ing rapid strides toward industrial re-
covery, other nations Of the world are
joining In the big parade back to pros-
perity. Only In the United States have
there been great many special laws
enacted and put suddenly into effect.
Other nations have had various meas
ures OF subsidy for some time, but, with
the exception Of Italy, no other nation
has such . definite, legislated program
as this country; no other nation, Of
course. except Russia, with its first i've
year plan. just completed, and the
second plan, now carrying on the work.
Far In the van Of the nations on the
road TO recovery Is Australia. Three
years ago the Australians decided that
they could not depend on any panacea
or any royal road, but must struggle
through the valley Of depression with
grttted teeth. The most drastic economies
were Effected and there was q general
increase In taxation. People schooled
themselves to get along on less rather
than borrow from the future. The re-
suit Of that policy has been that Aus
tralia has emerged from the depression
already and her business Is rising to
almost boom proportions. Her depres-
sion u behind her and there is no
morning-after headache and no linger-
ing bill to pay. Export trade Is brisk,
unemployment has nearly disappeared,
while the budget shows Q surplus.
New Zealand, Australia's neighbor,
was influenced by her example and
while not 20 far advanced as the larger
commonwealth, Is well along the road
20 complete recovery. In both Of these
countries conditions were so bad q
while ago that the people were abandon
Ing their farms and their businesses by
the thousands and sailing back to Eng
land with the avowal that If they must
starve to death they had rather starve
at home In England.
The Union Of South Africa began To
improve about the first of the year and
there have been steady gains ever since.
Much OF her rising prosperity comes
from the premium on gold Gold min
ing Is her chief industry, and with 80
many countries, including herself, on
the gold standard It has been profitable
TO work low-grade ore mines. This has
meant large increases In employment
and general activity. The rise in prices
which has occurred has brought pros-
pertty to the South African wool indus
Try. too. Foreign trade Is gaining and
the budget Is in balance.
European Countries Improve.
The depression operated severely In
India and there was much suffering
from unemployment. This was agra
waited by political riots arising from the
agitation for independence Of the Ma
hatma Gandhi. The premium on gold
helped India, too. Although once the
source Of much gold, India now mines
comparatively little, but has huge stores
In the form Of ornaments and jewelry
The gold premium brought out much Of
this, which was sold on the European
market for q sterling premium, giving
the Indians increased purchasing power
and. therefore, greater prosperity. The
national budget shows q surplus.
The business and industry Of Canada
Is 50 intimately related to that Of the
United States that her affairs nor
mally trend with ours. Improvement In