WORLD TRADE: 17.9 Billion of Hope

I am greatly encouraged by the critical, skeptical and even carping spirit in which our proceedings have been watched in the outside world. How much better that our projects should begin in disillusion than that they should end in it.

With these words Lord Keynes last week moved the adoption of the completed plans for an $8,800,000,000 world stabilization fund and a world reconstruction bank whose capital will total $9,100,000,000.* But the striking fact was that the delegates at the United Nations Monetary Conference at Bretton Woods felt very little skepticism about the...

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