Government Supervision of Foreign Investments

Archive Report

One of the most important changes in the world situation brought about by the war was the transformation of the United States from a debtor to the leading creditor nation. The line at which foreign investments in the United States were equalled by American investments abroad was crossed during 1916. Billions of dollars in foreign loans were extended during the ensuing decade, first by the government and later by American private investors, so that the United States stands today a world creditor to the extent of some $20,000,000,000. The ability to control this flow of credit to foreign countries placed the government of the United States and American private bankers in position to exert a powerful influence upon the direction of European reconstruction after ...

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