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RECOGNITION OF RUSSIA; NEW YORK ELECTON OF 1934; HENRY BRUERE AND TEH SECRETARYSHIP OF THE TREASURY

It was about this time in 1933-34 that the United States and Russia moved toward establishing diplomatic relations once more. Before the election there were a good many people - at least according to the press there were; I don't know that I knew any of them - who said that it was about time that Russia was recognized and about time that we opened up trade with Russia. That was the idea. One of the economic blocks in the cycle of trade, one of the blocks that was holding up trade between all countries, which was one of the primary means of establishing sound world economy and was one of the elements in the prevention of war, was our lack of trade with Russia. One must remember that the country was very pacific at the time, very anxious not to have war. So the idea of recognition of Russia had been talked about for some years as a possibility. People began to think that this Russian Government, no matter how it had been established, was now a fait accompli, and a de facto government, and that there was very little possibility that the previous government would reconstitute itself and be able to claim the government of the People.





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