Europe can have only three ways of meeting the favorable balance of trade in peace times: by imports into this country of gold or of goods, or by establishing new credits.
Woodrow Wilson: “Europe can have only three ways of meeting the favorable balance of trade in peace times: by imports into this country…”
Editor's note · Context
Wilson outlines three potential ways for Europe to address its trade balance with the U.S. in peacetime.
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For many months there has been a demand that war agencies should be abolished and that there should be less Government interference with business.
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