General Discussion

pampango

(24,692 posts)

35. True but he introduced the IMF, the World Bank and the

Fri Nov 28, 2014, 10:06 PM

Nov 2014

International Trade Organization in 1944. The first 2 became reality. The last was rejected by a republican congress.

FDR was all about creating international organizations to guide international politics (the UN), trade (the ITO), banking (the World Bank) and finance (the IMF). He was not a proponent of enhanced national sovereignty.

Roosevelt was also instructed to maximize market access abroad without jeopardizing domestic industry ...

Those were indeed the instructions given to FDR by congress when they passed "fast track" to authorize those trade treaty negotiations.

He was a supporter of lower tariffs, more trade and multilateral (rather than national) control of trade, finance and banking.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

37 replies

= new reply since forum marked as read

Highlight:

Sen. Sanders:The U.S. now has more low-paying jobs than any other major country on earth. Morality? [View all] cal04 Nov 2014 OP

Once again, we're number one! SheilaT Nov 2014 #1

I am sure China and places in Africa would call yeoman6987 Nov 2014 #2

Yeah, I'm not sure exactly how he means that. Erich Bloodaxe BSN Nov 2014 #5

I am curious too, but China has raised pay and standards of living to the point where they bettyellen Nov 2014 #9

"low-paying jobs" That may refer to the fact that we no longer have the higher paying JDPriestly Nov 2014 #12

I suspect he means relative to cost-of-living. Lizzie Poppet Nov 2014 #22

Too many poorly defined terms. Igel Nov 2014 #6

One of the big problems today is that so many jobs, and not just those for students, JDPriestly Nov 2014 #14

Less than 2/3rds of median wage, not less than 1/3rd, and it's for full time employment muriel_volestrangler Nov 2014 #19

yeah, a dumb "factoid" uhnope Nov 2014 #11

It is per capita; it's for OECD countries muriel_volestrangler Nov 2014 #20

thx nt uhnope Nov 2014 #28

And, people still shop at WalMart for what reason? Frustratedlady Nov 2014 #3

It is called American exceptionalism, don' you know? sadoldgirl Nov 2014 #4

Mission Accomplished Octafish Nov 2014 #7

You beat me to it Wella Nov 2014 #13

Blame FDR/Truman for GATT, Clinton for NAFTA, pampango Nov 2014 #18

Poppy Bush was negotiating GATT in the late 70s Wella Nov 2014 #21

GATT's been around since 1948. n/t pampango Nov 2014 #23

GATT has actually been a series of treaties and meetings since the late 40s to the 1990s Wella Nov 2014 #24

You are right. It started under Democrats but was pampango Nov 2014 #25

FDR died in 1945. RiverLover Nov 2014 #26

True but he introduced the IMF, the World Bank and the pampango Nov 2014 #35

And we have two thirds of eligible who does not care enough to go and vote. Thinkingabout Nov 2014 #8

Yet rich people are demanding that we are being thankful of them TRoN33 Nov 2014 #10

I agree with senator sanders and one thing the government can do that the republicans cstanleytech Nov 2014 #15

More at this link: deurbano Nov 2014 #16

Thanks for the link deurbano! More details on our sad state of US employment... RiverLover Nov 2014 #29

Thank you for the link deurbano cal04 Nov 2014 #34

The Walton family prospers at the expense of their employees. lpbk2713 Nov 2014 #17

It's high time the Waltons paid their fair share! grahamhgreen Nov 2014 #27

NAFTA highmindedhavi Nov 2014 #30

AS much as I admire Senator Sanders I think he has doc03 Nov 2014 #31

DUers read these quotes and doubt them - TBF Nov 2014 #32

This message was self-deleted by its author 1000words Nov 2014 #33

The unwritten creed of our corporatist government and TPTB who have bought it indepat Nov 2014 #36

But but but...I heard it right here on the DU, we have to move to the right Rex Nov 2014 #37