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THE CHINA MAIL, MARCH
ARM AL MMAK
WORLD ECONO
Nazi Challenge
Of U.S.A.
Washington.
When Adolf Hitler read the riot act to the Whates United States in the Reichstag recently he was challenging the demoeratic nations to à long-term struggle for supremacy in the field of world trade.
At least observers here of the world economic scene view it that way.
They take the view that the German leader has labelled Uncle Sam his Economic Enemy No. 1. They don't think he did it because this nation is actually his greatest trade rival, but because the Hull agreements accenting trade equality offer obstacles to the German idea of trade treaties made to serve the needs of state instead of individuals.
At the same time, the richest, With little gold to offer for goods, and therefore the strongest advo-Germany Instituted the so-called cate of democracy, offered to Hitler barter system. Any nation trading a strong contrast to illustrate his with Germany is obliged to accept recital of the case of the totalitar- gooda in payment. fan "have Hots” vs. the democratic About the same time, Trader “have”, ràtiồng.
Hull, da Secretary of State for Pre- In a casual sort of way the trade sident Roosevelt, set up his reci- struggle has been developing ever procal trade programme as a de- Since the world War. The first vice to increase trade by spreading sign of its coming was the ascent concessions in a sort of round robia of Lenin's and Stalin's communism, of treaties. mena Inaugurating, as it did, económic theories previously untested by any
important world power.
•
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LINES DRAWN
Some engaged i Sheffield cope with Photo sho acetylene.
trade treati
Thus the lines were drawn be referring to After Lenin and Stalin, Mussolini tween, two ried, one blasting
5. Amon burst upon the Italian scene, limit- open trade channels, the othe
the other reactions of ti Ing private capitalism, and setting stricting them to specially arrang-Conference ap the so-called corporate state.ed routes. After Mubadlini came Hitler · and The struggle developed like this: the form of
passage of 1. The Hull plan guaranteed Monroe Doc
state socialism:
!
These phenomena of government equality of treatment to all nations Hull progra are variously understood and as that signed up, with the single ex-stressinge variously defined. But one element ception of Germany. The Reich stands out. The men who estab- was barred on the ground that Ger- among trad unanimously lished these systems succeeded by many was the lone big power re- their own bonst, because they mold-fusing to co-operate.
Add up & ed the individual to the will of the 2. Germany selected Latin all-powerful state.
America as a special field for ex pansion, and by 18 - VITALITY SAPPED
1987 had risen Mendwhile, beginning in 1928, from third place in Latin American the depression sapped the vitality trade to second, replacing Great of the democracies, and Japan join-Britain behind the leading United ed the totalitarian group as a States. "have-not" "nation on the make. 9. Early last December the These two developments began the United States signed reciprocal process of balancing the scales be-
trade treaties with the United tween the two forces.
Kingdom and Canada, bringing t
་ ༞
ROOSEVELT HINTS
to
As the experts view the world 192 the nations within the Ameri- picture in retrospect, some kind of can trade equality, orbit. Many of conflict was inevitable in the field these nations were in coveted Latih of trade, since trade is controlled America. by the state in the totalitarian group, and by individuals in the de- 4. Only a few weeks ago, Pre- mocratic pations.
sident Roosevelt hinted in his Rich Uncle Sam and poverty-nual message to Congress "that ridden Germany unwittingly sup- there were measures short of war plied the makings for the economic to combat aggressor states. Since war as far back as 1938.
Germany gets no benefits from Hull
an-
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