ECONOMICS: Delicate Discussions

To U.S. Senator Claude Pepper, postwar economics were as simple as WPA. He blew into Moscow, had a 45-minute talk with Stalin, then called in the press.

"Boys," said he, "I can't tell you what Stalin talked about. Before I left Washington I learned Russia would like a $6-billion credit from the United States. Now I understand Russia is prepared to become a good customer of the United States. Now, I believe Russia wants that credit to help reconstruct war damage and build up the living standard of the Russian people, and not for the purpose of further development of military...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!