Structural Changes in United States Foreign Trade in the 1970s Available to Purchase

Some United States businessmen in the 1970s were advising that generous loans continue to be made to the Soviet Union so that the Russians could buy the products of American firms. The loans are made by the United States Department of Agriculture and the American Export‐Import Bank. These official agencies are, of course, funded by the United States government and ultimately by the American taxpayers. The argument of the businessmen is that if the United States does not make these loans, other countries—notably the United Kingdom, France and Japan—who have had considerable experience in dealing with the Soviet Union, will advance the credits and take away business from America.