Dwight Eisenhower on Free Trade



Export-Import Bank broke records in Latin America

Blocking the way to Latin American development are a host of acute problems, including a lack of development capital, ruinous up-and-down swings in the prices of their exports, a need for common markets, lack of housing, education, transportation, and health facilities, and an archaic social system. Compounding these difficulties is the incredible population explosion.

Between 1953 and 1960, to help in finding solutions, we had done many things, starting with that popular export, money. We had broken all records in increasing the new flow of US public and private capital to Latin America. Whereas in 1953, for example, that flow totaled $232 million, in 1957 it reached a peak of $1.6 billion, of which most was private funds.

In 1938 the Export-Import Bank had begun its loans to Latin American governments with a commitment of $100 million per year. In 1958, at the request of the administration, the Congress increased the lending authority of the bank from $5 billion to $7 billion.

Source: Waging Peace, by Pres. Dwight Eisenhower, p.515 , Jan 1, 1965

As greatest trading nation, extend Trade Agreements Act

Both in our national interest, and in the interest of world peace, we must have a five-year extension of the Trade Agreements Act with broadened authority to negotiate.

World trade supports a significant segment of American industry and agriculture. It provides employment for four and one-half million American workers. It helps supply our ever increasing demand for raw materials. It provides the opportunity for American free enterprise to develop on a worldwide scale. It strengthens our friends and increases their desire to be friends. World trade helps to lay the groundwork for peace by making all free nations of the world stronger and more self-reliant.

America is today the world's greatest trading nation. If we use this great asset wisely to meet the expanding demands of the world, we shall not only provide future opportunities for our own business, but in the process strengthen our security posture and other prospects for a prosperous, harmonious world.

Source: Pres. Eisenhower's 1958 State of the Union message , Jan 9, 1958

Foreign policy should recognize importance of world trade

Our foreign policy will recognize the importance of profitable and equitable world trade. Europe is now marked by checkered areas of labor surplus and labor shortage, of agricultural areas needing machines and industrial areas needing food. Action along these lines can create an economic environment that will invite vital help from us. This help includes:
  1. Revising our customs regulations to remove procedural obstacles to profitable trade.
  2. Doing whatever Government properly can to encourage the flow of private American investment abroad.
  3. Availing ourselves of facilities overseas for the economical production of manufactured articles which are needed for mutual defense and which are not seriously competitive with our own normal peacetime production.
  4. Receiving from the rest of the world, in equitable exchange for what we supply, greater amounts of important raw materials which we do not ourselves possess in adequate quantities.
Source: Pres. Eisenhower's 1953 State of the Union message , Feb 2, 1953

  • Click here for definitions & background information on Free Trade.
  • Click here for VoteMatch responses by Dwight Eisenhower.
  • Click here for AmericansElect.org quiz by Dwight Eisenhower.
Other past presidents on Free Trade: Dwight Eisenhower on other issues:
Former Presidents:
Barack Obama(D,2009-2017)
George W. Bush(R,2001-2009)
Bill Clinton(D,1993-2001)
George Bush Sr.(R,1989-1993)
Ronald Reagan(R,1981-1989)
Jimmy Carter(D,1977-1981)
Gerald Ford(R,1974-1977)
Richard Nixon(R,1969-1974)
Lyndon Johnson(D,1963-1969)
John F. Kennedy(D,1961-1963)
Dwight Eisenhower(R,1953-1961)
Harry S Truman(D,1945-1953)

Past Vice Presidents:
V.P.Joseph Biden
V.P.Dick Cheney
V.P.Al Gore
V.P.Dan Quayle
Sen.Bob Dole

Political Parties:
Republican Party
Democratic Party
Libertarian Party
Green Party
Reform Party
Natural Law Party
Tea Party
Constitution Party
Civil Rights
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Social Security
Tax Reform

Page last updated: Feb 22, 2022