The trade of the world . ke all new and quickly grown indus-tries, textile manufacturing in Italy is passingthrough the usual reactionary stage, where financialand administrative reorganization is necessary be-fore the industry gets its second and more per-manent wind. That it will come into its own incourse of time is a foregone conclusion, and therapidity of its real growth will then be dependentsolely upon the modernized foreign trading powerof the nation. At present this is not great, but itmay develop with experience and the readjustmentsimposed by conditions encountered. The large German
The trade of the world . ke all new and quickly grown indus-tries, textile manufacturing in Italy is passingthrough the usual reactionary stage, where financialand administrative reorganization is necessary be-fore the industry gets its second and more per-manent wind. That it will come into its own incourse of time is a foregone conclusion, and therapidity of its real growth will then be dependentsolely upon the modernized foreign trading powerof the nation. At present this is not great, but itmay develop with experience and the readjustmentsimposed by conditions encountered. The large German investment in Italy, like mostGerman foreign investment, originates in and isinspired by the effort to increase German foreigntrade, and that it has done so is shown by the stridesmade in the exchange of commodities between Ger-many and Italy. German banks abroad facilitateGerman trading, and the sympathetic interest be-tween banking and industry in Germany results inclose identification of interest in all A View of the Harbor of Naples.
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectcommerce, bookyear191
