Herbert Hoover.
Library of Congress

WHEN the Republican Administration came into power on March 4, 1921, the country had given a clear and unmistakable indication of the line which it desired that our foreign policy should take. The preceding campaign had been fought largely on the issue of whether this country should abandon its traditional policy of independence in foreign affairs and should substitute for it a policy under which our independence of action might be subordinated to the decision of other nations.

Even during the war our traditional policy had been scrupulously maintained. President Wilson had been careful to specify the conditions on which we entered

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