Foreign Trade and Currency Stability

Archive Report

Foreign Trade Relation and Domestic Recovery

President roosevelt in his inaugural address asserted that “our international trade relations, though vastly important, are in point of time and necessity secondary to the establishment of a sound national economy.” He declared that he would “spare no effort to restore world trade by international economic readjustment, but the emergency at home cannot wait on that accomplishment.” The first attempt at international economic readjustment—the World Monetary and Economic Conference at London in June and July, 1933—had no substantial results, partly because the President was unwilling to enter an agreement for stabilization of currencies and partly because other nations were not ready to undertake economic collaboration on a broad scale. The domestic recovery program in the United States, moreover, was ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles