Should Germany Be De-Industrialized?

Focuses on de-industrialization of Germany and her transformation into an agricultural country. Role of former Secretary of the Treasury Henry Morgenthau in outlining a plan for de-industrialization of Germany; Description of economic provisions of the Morgenthau plan which consists of a program for the destruction of Germany's heavy industries and a program for pastoralization; Statement that allied control over all of Germany's foreign-exchange transactions is a practical policy and her exclusion from cartels is an obvious lesson of experience; Account of Berlin Declaration which, in contrast to the Morgenthau plan, does not necessarily entail the de-industrialization of Germany, it proposes economic decentralization for the purpose of eliminating the present excessive concentration of economic power as exemplified in particular by cartels, trusts and other monopolistic arrangements; View that destruction of heavy industry would disorganize and contract international trade at a time when expansion is most urgently needed.