In This Review

The International Financial Position of the United States
The International Financial Position of the United States
By
National Industrial Conference Board, 1929, 276 pp.

This elaborate statistical report amounts to a survey and analysis of the financial aspect of our international position. The volume is concerned with a study of the remarkable change which has taken place in the past twenty years, and has transformed the United States from a debtor to a great creditor nation. The reaction of this change upon our trade relations and upon our domestic banking conditions is set forth in great detail and with a wealth of factual material. The writers of the report do not anticipate an equally rapid expansion of foreign investments in the future, but believe that our position as a predominant creditor nation must be reckoned with. On the whole the volume is valuable and should interest all students of international relations.