Word: barter
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Dates: during 1940-1949
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...bootstraps with anesthetic, money-wasting measures, only to get from one hole into a bigger one. ... It will be futile 'for the U. S. to enter the war for she will be too late." ^ The U. S. must prepare to cooperate "economically and spiritually" with Germany on a "barter basis-the only basis Germany now knows, because she was forced to employ the barter system." Added Prophet Merten on a hint from wife Zelah: "I beg, after consideration, that you mention my connections with the American Embassy in Berlin only on your social pages, in a separate story, rather...
...late August of this year the President saw fit to send fifty destroyers to England in exchange for a few naval bases. The destroyers have made their journey and have forgotten. Whether the barter was constitutional has never been settled upon by any branch of the government except the executive. The Congress, supposedly the representative body of the nation, had to accept the trade. Mr. Roosevelt seemed to ignore the Neutrality Law which definitely states that the United States is a neutral nation and will not give any military aid to a warring country. Congress passed this act and Congress...
...president of Manhattan's Chase National (biggest U. S.) Bank. Tall, balding Joseph Charles Roven-sky foresaw putting a lot of liberty on the shelf right away. He believed the U. S. would abandon at least temporarily the Hull methods, resort to Hitler's own methods of "barter or compensation trade." The Hull program was "sound in conception under normal conditions," said he, but "it is entirely probable that . . . we . . . shall also adopt trading practices born of expediency...
Next day this unpopular warning was answered by Franklin Roosevelt himself. A message from the White House to the convention blasted barter, said it would "subject . . . the entire nation to the regimentation of a totalitarian system." Henry Francis Grady, Assistant Secretary of State, followed up his chief's attack in person. His small eyes flashing behind shell-rimmed glasses, Free-Trader Grady tore into protectionism, dictatorship, a "sixth column ... of special interests." Said he: "I cannot believe that the cause of liberal trade is lost...
Liability. In Nazi ideology economics is an instrument of war. Against barter, against cheap and conscript labor from the conquered countries, against German economic sleight-of-hand, high-wage U. S. business is unarmed. With the Germans masters of Europe, U. S. European trade ($1,893,000,000 in 1938) will almost certainly dwindle or it will have to be conducted on Germany's disadvantageous barter terms. And if Britain loses, Germany will have 60% of the world's merchant fleet. She will control the docks of the world either directly, or by economic pressure. A shipment...