Roosevelt says little about foreign affairs in the 1932 presidential campaign. Six weeks after Roosevelt's inauguration Adolph Hitler becomes Germany's Chancellor. Roosevelt continues a nationalist policy from 1933 to 1935, showing little interest in international efforts to address economic problems. It had been Hoover's belief that the currencies of each country should be tied to a common standard to guard against devaluation of currency to increase exports. Roosevelt appears to agree and sends Raymond Moley to the London Economic Conference, only to announce during the conference that the U.S. will manage its monetary system alone. The British establish an Imperial Preference System in 1932, allowing free trade within the empire. Japan and Germany follow suit in their spheres of influence. The world is becoming more divided economically. Roosevelt devalues the dollar which helps businesses in debt but ignores the world situation. The reciprocal Trade Act of 1934, still in force, links U.S. trade behavior to a nation's policy toward the U.S.

US History Collection

foreign affairs absent in 1932 campaign, Roosevelt continues nationalist policy, London Economic Conference, attempts to tie world currencies to common standard, world becoming more divided economically, devaluation of dollar, reciprocal Trade Act of 1934, Global Crisis: 1921-1941, The

American History, American Studies, International Relations, Foreign Policy of the U.S., Unfinished Nation, The

Iriye, Ph.D., Akira (Performer), Parrish, Ph.D., Michael (Performer), Schulzinger, Ph.D., Robert (Performer), Zeiler, Ph.D., Thomas (Performer), INTELECOM Intelligent Telecommunications (Firm)

00:03:55 (HH:MM:SS)

English

Name	INTELECOM Intelligent Telecommunications
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Telephone	800-576-2988 x122
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