[WilliamofCarmichael]

From an Internet source

In 1934, the Roosevelt Administration undertook two initiatives that signaled a desire to reengage economically with the rest of the world. The first was the creation of the Export-Import Bank. In February 1934, Roosevelt established the bank as an institution designed to finance U.S. trade with the newly-recognized Soviet Union . . . .

[Biggirl]

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