BRAZIL: Dollars for Ingots

"When I go back to my country," said Oswaldo Aranha, Foreign Minister of Brazil, last year in Washington, "I shall propose that we erect a statue to Herr Hitler. For it is Hitler who at last succeeded in drawing the attention of the United States to Brazil."

Had Minister Aranha carried out his intention, he could have added a wreath to the statue last week. It was the sinister shadow of Adolf Hitler hovering over South America that inspired the U. S. Government to open its purse strings for a fat loan to help Brazil develop her steel industry.

Loadstone to steel...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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