Word: bartering
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...sheer desperation, the Administration plans to go to Congress soon, dump the problem squarely in its lap, request the right to barter surplus goods abroad for new embassy sites, landing rights for civil aviation (which the U.S. has got free by reciprocal agreements) and scholarships in foreign universities for U.S. students...
...result: money in world trade ceased to be a free medium of many-sided exchange. It was becoming a device for recording strictly controlled, two-way barter deals. World War II plunged even the U.S. into almost complete import & export control...
...trade agreement, which read like a barter arrangement between two isolated towns in the Dark Ages, chiefly provided that France should export some iron to Belgium in return for small quantities of Belgian coke...
...Since barter has its limitations, more often the G.I.s sell for cash. Informal G.I. markets have sprung up around the Arc de Triomphe, in the Place Pigalle, under the Eiffel Tower, in bistros, restaurants, around jeeps pausing in traffic jams. These sales give soldiers enough money to buy at Paris prices...
...direct loans, the U.S. would remain in a position to call the tune for each debtor. The other nations, mindful of the effects of the whimsical U.S. lending tariff policy of the prewar decade, might well prefer exchange controls and bilateral barter agreements among themselves to the acceptance of "humiliating" credit terms, and those loans which do not "fit their internal needs and their sense of national dignity...