Foreign Exchange

In this concise guide the author unpacks the tangled world of foreign exchange at a time when the American dollar is losing value abroad despite a strong trade balance. By breaking down the mechanics of international bills of exchange, the book shows how differing national demands and private‑bank rates can push the dollar far below its gold‑par value in places like Italy and Spain. Readers gain a clear picture of why merchants and governments are feeling the pinch and what economic forces lie behind those price gaps.

The text then moves toward practical solutions, outlining the steps needed to restore the dollar to parity and keep it there. With straightforward explanations of balance‑of‑trade concepts, credit flows, and the role of government policy, it equips businessmen, bankers, and anyone interested in global finance with the knowledge to navigate wartime currency challenges. The result is an accessible, fact‑driven roadmap for stabilizing international trade through smarter exchange practices.