Dulles explores the implications of the World War I reparations on the world's economy. The speech was initially delivered at the League of Free Nations Association on March 12, 1931 in New York and then published in the New Republic.
The Association's news bulletin discusses revolution in Mexico, war debts in Germany, the organization of a national student forum, and a treaty between Germany and Poland, resolutions for international peace from the convention of the National League of Women Voters, and limiting the manufacturing of opium.
