A 1921 economic article by Arthur H. Cole that compares the competitive position of the American wool-manufacturing industry with that of Continental Europe and Great Britain, as a basis for the coming tariff revision. It covers postwar recovery of the French, Belgian and German industries, British technical advances (automatic doffers, Northrop looms, research associations), overhead costs and labor organization such as the Whitley councils. It then considers American overexpansion of spinning capacity, equipment, wage levels, standardization of products and industrial organization, and concludes that the prospects for improved American competitiveness are modest.