Bretton Trees and Forest

July 1944
New Republic;7/17/44, Vol. 111 Issue 3, p63
Presents information on the issues to be discussed at the International conference to be held at Bretton Woods, New Hampshire. Disputes about the method of fixing the quotas of contribution for the various countries, quotas which determine the voting power of these countries and lay the basis for limitations on their drawing power; Demand of some nations set these limitations higher than others do; Opposition from some nations to any international machinery at all for the stabilization of currencies, so long as it differs in any essential respect from the old international gold standard; Objection heard in the United States, that their contribution to the fund, consisting largely of gold and dollars of unassailable value, will be used to buy weak currencies which in the end are likely to depreciate, and thus the money will be "poured down a rat hole"; Information on the exchange-stabilization plan; Consideration of an International Bank.


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