Will Dollars Save the World?
Appendix B
SOME fifty-nine1 countries have been granted monetary aid from the United States in the postwar period. Below, according to the compilation of Prentice-Hall, Inc., are the countries to which more than $13,000,000,000 went:
(In Thousands of Dollars)
Albania: Through UNRRA |
$40,502. |
Argentina: Cultural and technical aid, bank credits |
297. |
Austria: Supplies, bank credits, surplus property |
63,000. |
Australia: Lend-lease and fixed war installations |
54,894. |
Belgium: Loans, Lend-lease, surplus property |
494,000. |
Bolivia: Cultural and technical aid |
245. |
Brazil: Bank credits, cultural and technical aid |
70,680. |
Burma: Lend-lease |
11,000. |
Canada: Alaska highway |
138,312. |
Chile: Bank credits, cultural and technical aid |
42,195. |
China: Export-Import bank credits, surplus property, Lend-lease |
1,482,793. |
Colombia: Bank credits, cultural and technical aid |
859. |
Costa Rica: Inter-American highway, cultural and technical aid |
1,540. |
Cuba: Cultural and technical aid |
190. |
Czechoslovakia: Export-Import bank credits and surplus property |
31,304. |
Denmark: Export-Import bank credits and surplus property |
40,000. |
Dominican Republic: Cultural and technical aid |
75. |
Ecuador: Bank credits, cultural and technical aid |
1,288. |
Egypt: War installations |
11,800. |
El Salvador: Inter-American highway, cultural and technical aid |
327. |
Ethiopia: Export-Import bank credits and surplus property |
4,000. |
Finland: Export-Import bank credits and surplus property |
92,500. |
France: Export-Import bank credits and surplus property |
1,950,000. |
Germany: Supplies |
400,000. |
Great Britain: Loan, surplus property |
4,400,000. |
Greece: Economic assistance, UNRRA, Lendlease, surplus property |
790,000. |
Guatemala: Inter-American highway, cultural and technical aid |
627. |
Haiti: Cultural and technical aid |
86. |
Honduras: Inter-American highway, technical and cultural aid |
$ 418. |
Hungary: Surplus property |
15,000. |
Iceland: Fixed war installations |
65,000. |
India: Surplus property |
50,000. |
Italy: Economic relief, Export-Import bank loans, special considerations |
538,000. |
Iran: Surplus property, Lend-lease |
30,000. |
Iraq: Educational aid. |
41. |
Japan: Supplies |
267,000. |
Korea: Supplies, surplus property |
62,000. |
Lebanon: Educational aid |
90. |
Liberia: Civic improvements |
20,200. |
Mexico: Bank credits, cultural and technical aid |
87,574. |
Netherlands: Export-Import bank credits, Lendlease, surplus property |
377,384. |
New Zealand: Surplus property, war installations |
5,707. |
Nicaragua: Inter-American highway, cultural and technical aid |
2,430. |
Norway: Export-Import bank credits, Lendlease |
56,500. |
Panama: Inter-American highway, cultural and technical aid |
47. |
Paraguay: Cultural and technical aid |
38. |
Peru: Bank credits, cultural and technical aid, war installations |
2,930. |
Philippines: War claims |
695,000. |
Poland: Export-Import bank credits, surplus property |
90,000. |
Portugal: War facilities |
(value undetermined) |
Saudi Arabia: Export-Import bank credits, surplus property |
12,000. |
Spain: War installations |
136. |
Soviet Union: Lend-lease |
250,000. |
Syria: Educational aid |
10. |
Turkey: Economic and military aid, Export-Import bank credits |
270,000. |
Uruguay: Surplus property, cultural and technical aid |
733. |
Venezuela: Cultural and technical aid |
144. |
Yemen: Surplus property |
1,000. |
Yugoslavia: UNRRA aid |
(value undetermined) |
___________
2 Nations not receiving U. S. aid: Afghanistan, Bulgaria, Ireland, Luxembourg Romania, Siam, Sweden, Switzerland, Union of South Africa.
Reprinted from What’s Happening in Taxation and Government Regulation (Washington Section), July 7, 1947. Copyright 1947 by Prentice-Hall, Inc., 70 Fifth Avenue, New York, N. Y.
- 1New York Times, May 25, 1947.
- 2In brief, the trouble at bottom is not a shortage of dollars but a shortage of goods and services to exchange for dollars. To talk of a shortage of dollars in any absolute sense is absurd. In the last two years the United States has contributed to the outside world cash and goods estimated at nearly $17,000,000,000. The gold and dollars now held by the outside world are estimated to reach the unprecedented total of more than $20,000,000,000.
