The New Deal and Foreign Trade

The New Deal and Foreign Trade

The New Deal and Foreign Trade

The New Deal and Foreign Trade

Excerpt

The Honorable Henry A.Wallace, Secretary of Agriculture, has prepared for the Foreign Policy Association of New York and the World Peace Foundation of Boston, as a World Affairs Pamphlet, a statement of policy in international trade, under the title America Must Choose. This was issued in February 1934. The same general views were presented in the issue of Foreign Affairs, for January 1934, under the title American Agriculture and World Markets. It seems warranted to infer that in principle America Must Choose and American Agriculture and World Markets embody the policy of the Administration of President Roosevelt. Our political history contains instances of disavowal by the President, as administration policy, of formal declarations by a member of his Cabinet. In the present instance, however, we take it that the Secretary of Agriculture speaks with the authority and voice of the administration. The Secretary of Agriculture, not the Secretary of State, for the time being at least, seems to be the spearhead of the foreign trade policy of the New Deal.

Prior to his entrance into the Cabinet, Henry A. Wallace was the editor of Wallace's Farmer, in which position he was preceded by his father, Henry C. Wallace, who was Secretary of Agriculture during the Harding Administration. Before him was Henry Wallace, an outstanding personality, whose editorial activities and leadership in rural affairs in Iowa extended back before the 'nineties. Henry A. Wallace appeared directly after the war as a writer on farm economics . . .

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