Box 1, Folder 17 – General Speeches
December 8, 1958 – “U. S. Businessman Looks at European Common Market,” Palo Alto, Rotary Club
12/8/58, Outline of speech handwritten by Hewlett, in pencil on lined notebook paper
The major points in this outline are:
What is the ECM?
Three wars in 100 years, it was basically a move to stop the causes of war
Post War
Marshall Plan, from 1948 –1952 GNP up 25%, trade up 73%
ECM
General objective more political than commercial
Treaty of Rome, March 25, 1957
Plan will
Eliminate internal tariffs and quotas
Provide anti-trust laws
Eliminate restrictions on flow of capital and labor
Importance of ECM to the U.S.
U.S. exports to Europe
40% raw materials and fuel
25% manufactured goods
How U.S. competes
Low labor rate
Effect of ECM on U.S. manufacturing
GNP 1/3 of U.S. – but increasing rapidly
HP Plans
Trip this spring – discussion of countries
Trip this fall – down to details
Points of interest
Law by decree
Hidden reserves – no C.P.A.
Labor’s role
Social security
Basic problems
How to join U.S. production and sales ideas with older and different traditions of Europe
General
Will be a rough 10-15 years, particularly for Europe
May be hard on U.S.
Exports to Europe
Compete in 3rd markets
A strong Europe will be a major U.S. ally and a major defense against Communism, both internal and external
