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DUMP

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Originally appearing in Volume V08, Page 668 of the 1911 Encyclopedia Britannica.
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DUMP . (I) (Of obscure origin; corresponding in See also:

form and possibly connected with the word, are the See also:Mid. Dutch clomp, mist or haze, and the Ger. dumpf, dull or dazed), a See also:state of wonder, perplexity or See also:melancholy. The word thus occurs particularly in the plural, in such phrases as " doleful dumps." It was also formerly used for a tune, especially one of a mournful See also:kind, a See also:dirge. (2) (Connected with " dumpy," but appearing later than that word, and also of obscure origin), something See also:short and thick, and hence used of many See also:objects such as a See also:lead See also:counter or See also:medal, of a See also:coin formerly used in See also:Australia, formed by punching a circular piece out of a See also:Spanish See also:dollar, and of a short thick See also:bolt used in See also:shipbuilding. (3) (Probably of Norse origin, cf. Nor. dumpa, and See also:Dan. dumpe, meaning " to fall " suddenly, with a bump), to throw down in a heap, and hence particularly applied to the depositing of any large quantity of material, to the See also:shooting of rubbish, or tilting a load from a See also:cart. It is thus used of the method of disposal.of the masses of See also:gravel, &c., disintegrated by See also:water in the See also:hydraulic method of See also:gold See also:mining. A " dump " or " dumping-ground " is thus the See also:place where such See also:waste material is deposited. The use of the See also:term " dumping" in the See also:economics of See also:international See also:trade has come into prominence in the See also:tariff reform controversy in the See also:United See also:Kingdom. It is sometimes used loosely of the importing of See also:foreign goods at prices below those ruling in the importing See also:country; but strictly the term is applied to the importing, at a See also:price below the cost of See also:production, of the surplus of manufactures of a foreign country over and above what has been disposed of in its See also:home See also:market. The ability to sell such a surplus in a foreign market below the cost of production depends on the prices of the home market being artificially sustained at a sufficiently high level by a See also:monopoly or by a tariff or by bounties.

An essential See also:

factor in the cperation of " dumping " is the lessening of the whole cost of production by manufacture on a large See also:scale.

End of Article: DUMP

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