The Solvency of the Allies PDF ePub eBook

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The Solvency of the Allies free pdf Excerpt from The Solvency of the Allies: Great Britain-France-Belgium-Italy When the Armistice brought to an end a period of unequalled destruction of lives and property and nations confronted the tasks of readjusting industry and trade to a peace basis, almost everywhere there was manifest - and quite naturally - a disposition to magnify the losses which had been sustained. Admittedly, many of the losses are irreparable- but the time has come to take account of what remains and of what the future promises. A survey of the present resources and producing power of the principal European Allies cannot fail to impress one with their ability to reestablish their economic life. Already, in fact, there is ample evidence of gratifying progress in the work of rehabilitation. Yet it is imperative for all of us, especially our leaders in finance and industry, to gauge the present situation and its probable consequences as accurately as possible. We have, in a large sense, the welfare of the whole world in our keeping today, and upon the wisdom and farsightedness which we show now in discharging this obligation will depend, in considerable measure, not only the progress of other nations but our own future as well. I believe absolutely that if the established countries of Europe are given the cooperation which we are capable of extending at this time, there will be no question that they will be able to revive their industries and normal trade conditions, which should provide a stable basis for credit. The needs of European countries are for food, raw materials, coal, and machinery, which can be supplied to them in adequate quantities only through extension of credit on our part, as they have neither the gold nor sufficient goods with which to make immediate payment. Food for the hungry and work for the idle must be provided if the peoples of Europe are to maintain stable political conditions and resume peace-time production. It is certain that American banking institutions cannot handle the credit demands presented without cooperation. Such cooperation must be accorded by our Government, our manufacturers, and producers. By team-play between these important factors in the situation, Europe can be put on its feet financially and industrially, and this country can be placed in a position of unchallenged leadership in the business affairs of the world. This is a time when all thought of profits should be forgotten, and the simple necessities of the situation faced. Our first and single duty now is to help restore the world to normal conditions. If we do our part in bringing that about, the question of profits will be cared for in the future. This country is facing its greatest opportunity and its greatest obligation, and if the sacrifices which have been made in the war are not to be in vain, we must rise to meet that opportunity and that obligation fully. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully- any imperfections that remain are intentionally left to preserve the state of such historical works.

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Details Book

Author : Guaranty Trust Company of New York
Publisher : Forgotten Books
Data Published : 27 September 2015
ISBN : 1330757742
EAN : 9781330757741
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 44 pages
Age + : 15 years
Language : English
Rating :

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    Download Free Books ePub. Excerpt from The Solvency of the Allies: Great Britain-France-Belgium-Italy When the Armistice brought to an end a period of unequalled destruction of lives and property and