Word: bretton
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...Britain deal, arming U.S. merchantmen. When Germany broke with Russia he declared: "The victory of Communism in the world would be far more dangerous to the U.S. than the victory of fascism." In February 1941, he said that the danger of attack by Japan was "simply fantastic." He opposed Bretton Woods, the reciprocal trade agreement, the "Voice of America," the loan to Britain. He supported the U.N. Charter but later voted against participation in U.N. "As long as vetoes are insisted upon," he said, "there is no real will to peace. . . ." He tried to limit ERP to $4 billion...
Before the Bretton Woods economic conference established the World Monetary Fund, the French could rate their currency to flit their own needs, and the result in a period of economic distress was shown in the frequent currency wars after World War I, making a mockery of stability...
...becomes a choicer between the Marshall Plan or nothing, then we must attempt the nothing," said Miss Kubie, who went on to propose as alternatives passage of aid through the U.N. and increased effectiveness of the International Bank set up at Bretton Woods...
...Harry D. White, 54, one of the architects of Bretton Woods, quit his tax-free $17,500-a-year job as U.S. executive director on the International Monetary Fund. White said that he wanted to enter private business...
...Meyer had quit as the Bank's president last December and why two other men had subsequently turned down the job (TIME, Dec. 16, et seq.) Under the rules, the Bank's president could be held responsible if the Bank's loans went bad. But the Bretton Woods charter did not give him nearly enough power to go with his heavy responsibilities. He took all his orders from the Bank's twelve full-time executive directors, one from each of twelve member nations...