Magazine content is available exclusively for TIME subscribers.FOREIGN TRADE: Sosthenes & Mititza
After World War I, while their Government pursued a policy of political isolation, U. S. businessmen took to the high seas, developed industries abroad, sent their sweat home in dividends. By 1938 the U. S. had $1,350,000,000 of direct investments (mostly in subsidiaries of American corporations) in Europe alone. Meanwhile, as Hitler knocked the ethical props from under European capitalism, most U. S. businessmen in Europe were ready to clear out if they could take their shirts with them.
One of the worst hit was International Telephone and Telegraph Co., caught off side in Rumania, Norway, France, etc. In 1930 I....
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- Top 10 Celebrity Restaurants
- Facing the Challenge of China, Should India Embrace the U.S.?
- The Grand Canyon Bans Sales of Bottled Water
- FBI File on Steve Jobs Probed Apple Founder's Drug Use, Character
- Why Is Your Boss Moving to Brazil?
- JC Penney and Ellen, Lowe's and All-American Muslim: A Tale of Two Bigotries
- Four Ways the U.S. Could End Up at War with Iran Before the Election*
- Top 10 Creepiest Product Mascots
- Earth From Above: The Blue Marble
- Oscars 2012: Great Performances
- The Upside Of Being An Introvert (And Why Extroverts Are Overrated)
- Parenting Advice: What Moms Should Learn From Dads
- Baby Einsteins: Not So Smart After All
- Advice for Coddling Parents: Put Baby to Bed Alone
- Secrets of the Shy
- Nigeria: The Power of Juju
- The Pope on the World Economy: Prophets, Not Profits
- Go Western, Young Man
- Why Is Your Boss Moving to Brazil?
- Haiti Papers Over the Past: The Rebranding of 'Baby Doc' Duvalier
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
