How We Pay Our Bills

Dale Jr., Edwin L.
November 1961
New Republic;11/27/61, Vol. 145 Issue 22, p13
Forecasts an impending crisis of the international exchange caused by depleting U.S. dollar and British pound currency reserves in 1961. Claim that the collapse of the international exchange would result to another depression; Suggestion that the vulnerability of the system depends on U.S. and British currencies; Effect of the devaluation of the pound and dollar on world trade; Refutation of the decision of finance ministers and central bankers of Europe and North America not to reform the system.


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