Search

The article focuses on efforts of a German legislator Gustav Stresemann to establish a peaceful alliance between Germany and France after the First Word War, as of June 1, 1944. Stresemann also won the Nobel Peace Prize for this initiative. The general estimate of Stresemann was that he was a sincere friend of peace, desirous of collaborating with his neighbors, the initiator of a new order. Nobel Prizeman seems to be denying French claim that the passive resistance was a government program inspired from Berlin, Germany. Modern apologists for Stresemann may say what they will, but not even they would maintain that the three verbs quoted constitute a program whose moral quality would be of the finest. The article analyzes Stresemann's diary, notes, letters and unconscious revelations, in an attempt to understand his psychology and ideas related to the initiative he took. According to the author, Stresemann was a safe, repentant sinner of the right, a good European and a safe bet for Allies.

The article discusses the purposes of exchange control. The author classified the aims of the study to seven categories. Foreign debts under exchange control have been discussed. There is an administrative experience on exchange control depicted in the article. In Germany, exchange control served from the late autumn of 1931 to the latter part of 1932 as a medium-term device to support the Reichsmark while a deflationary adjustment to world prices could be pressed further. No effect of exchange control surpasses in relevance its reduction of the value of international trade. The theory of exchange control is presented.