Word: dilemna
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Dates: during 1930-1939
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...advantage economic or otherwise by the sale of American goods abroad. The nation is enriched only by imports. Nationalism, quotas, and bounties are not perverse and ignorant concepts but come out of the delusion that selling goods enriches one. The study of past history cannot solve the present dilemna for how can you learn from the study of defeat the tactics of victory? It will have to be solved by the exertion of will. Find out first what the people need for a high standard of living and if the internal resources of men, nature, and machines cannot supply them...