Throwing back his broad Scottish shoulders and slightly twitching the muscles of his neck, as he always does before saying something important, Prime Minister James Ramsay MacDonald declared to a roomful of correspondents: "The problem, as I see it, is not merely the recovery of this nation but the restarting of the commerce of the world. We must have a conference to boldly tackle this much bigger problem in all its aspects."
Thus spoke the Scot in May. On July 13 he proposed to President Hoover a World Economic Conference. Out of...
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