dr. winfield. he is an economist with a lot of practical experience in foreign affairs. think you can help straighten this out on this, dr.? >> you're right, all this did happen up for -- before. it has been well documented. she'll be take a look at the record? for 1920.he figures thingat year, we have some a little more exciting. >> i have a film here that will make things much clearer. for 10 years after the first world war, there was a great demand for our products all over the world. this grumbled for world markets -- scramble for what markets -- world markets resulted in shortsighted thinking. some people reasoned that all we had to do was get our products on ships and it was all guaranteed. we wanted our billion dollars, and the only way the other fellow was to get dollars was to sell us something or send us gold. point of view, everything was rosy, but from the other fella's point of view, everything was different. tarriff kicked in, other nations had to set us gold, but we were getting more than we could possibly use. in fact, we ended up with two world monetary

dr. winfield. he is an economist with a lot of practical experience in foreign affairs.u think you can help straighten this out on this, doctor? >> you're right, all this did happen before. it has been well documented. shall we take a look at the record? here are the figures for 1920. me, can we have something more exciting? this is a film, you know? for 10 years after the first world war, there was a great demand for our products all over the world. this scramble for world markets resulted in shortsighted thinking. a lot of people forgot that this business was done on credit. we wanted our billion dollars, and the only way the other fellow was to get dollars was to sell us something or send us gold. from our point of view, everything was rosy, but from the other fella's point of view, things looked entirely different. because our tariffs made it difficult for other nations to send as goods, other nations had to send us more gold. but we were getting more than we could possibly use. in fact, we ended up with two thirds of the world monetary supplies. >> i don't get it. >