On the record
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.
Source
gutenberg.orgWoodrow 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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