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"The purpose of this thesis is to investigate our present system of foreign banking and exchange and to discuss its relations to American business. I propose in Chapter I to outline the situation that confronted us at the beginning of 1914, including banking provisions that aided or hindered us in our foreign exchange, and instruments of exchange that were used. In Chapter II I will take up the provisions of the Federal Reserve Act that relate to foreign trade and discuss their potency for giving us greater facilities and privileges and therefore greater opportunity in the foreign exchange field. In my third chapter I will deal with the effects of the present war on the exchange situation and will use our present relations with South America to illustrate the effects. The conclusion will be a summation of the present situation and a discussion of the possibilities for using the factors in hand to the advantage of American business in the future."

Foreign exchange and foreign banking of America as it is related to American business