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The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from Russia in 1919 by Arthur Ransome: the position of French and American capital. Capital in
France was so weak, that she could at best be only a small
shareholder. Capital in America was in a very advantageous
position. America therefore wanted a huge All-European
syndicate in which each state would have a certain number
of shares. America, having the greatest number of shares,
would be able to exploit all the other nations. This is a fixed
idea of Bucharin's, and he has lost no opportunity of putting
out this theory of the League of Nations since the middle of
last summer. As for Chicherin's Note, he said it had at least
great historical interest on account of the language it used,
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