A Creditor Country (Classic Reprint)

Angebote / Angebote:

Excerpt from A Creditor CountryThe end of the war finds the United States in a much stronger position in world affairs than it was at the beginning, but it finds us with new obligations and responsibilities, some of which are of special concern to you who are members of this organization of invest ment bankers. Among the most significant of the changes which have occurred is the change of our financial position from that of a debtor nation to that of a creditor nation. Do we comprehend all that this means? We understand, of course, that it means that in our financial relations the balance of payments will be in our favor, but do we know all that this involves, and the policies which it imposes upon us? A people who are creditors to the world must not play a miserly part, they must play a helpful, reciprocal part. A creditor nation which expects to receive its balances regularly in gold will not make the best use of its wealth or remain a leading factor in world affairs.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.