British Isles and Bretton Woods.

This article discusses possible conflicts between British and American policies related to a compensatory economy. According to the author, Great Britain is apparently persuaded that controls to equalize the business cycle can be reconciled with political democracy and has taken the plunge. But in the U.S. the trend of opinion is away from any conscious economic management. It is stated that Great Britain is going to insulate itself from another American economic paroxysm. This will show itself at the monetary conference in Great Britain's reluctance to tie itself too closely to gold standard in the U.S. It is reported that this may cause sharp difficulties when individual American exporters run up against competition in which British or other foreign governments play a part.