The depression which came at about that time was an iiftermath of the financing of World War and the production incident to the World War. and it came as a climax to badolicies which had been pursued. Compared to the rest* of the world. the United States was the foremost financial power. Our economic policies. as to tariffs. wage levels. immigration. and credit. affected every country in the world. No country could move very far in any direction 11 or 12 years ago. without considering how far its action would be affected by the policies of the United States. It would be natural to suppose that this great fi nancial and economic power would be used to assure world peace.
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immigration