University of Virginia Library

COMMERCE AND TRADE

The work in commerce and trade is divided into several
courses, depending upon the nature of the specialized fields
included in these terms. The economic resources and development
of the principal trading countries of the world
are studied, particular attention being given to their relationship
to American Commerce. In the treatment of
ocean navigation and trade routes, special emphasis is placed
upon the underlying principles governing the movement
of commodities. An advanced course in foreign trade is

also given, which deals with the forms and methods of commerce,
business practices abroad, foreign tariffs, sales
methods, credit factors, and foreign exchange.

The principles and applied problems arising in connection
with domestic trade are treated in the courses devoted
to Marketing, Business Organization, and the Economics
of Agriculture. Emphasis is placed upon the distributing
agencies of farm products and manufactured goods, the evolution
of the middleman in modern trade, and the factors
determining marketing costs. Consideration is given in this
branch of the subject to certain fundamental differences
between wholesale and retail trade and the economics and
psychology of advertising.