Marx's Theory of Revolutions

Marx's Theory of Revolutions

Tuesday, June 13, 2017

June, 1917: Root Mission


President Wilson sends former Secretary of War Elihu Root to Petrograd with messages on the United States war aims and conditions for securing US loans for the further prosecution of the war. He summed up the US attitude, as Wikipedia says, very trenchantly: "No fight, no loans."

Thus, the US offered credits of up to $75 million, contingent on Russia undertaking the summer offensive. The Romanovs expressed a desire to subscribe, contingent on the state treasury’s support for the tsar’s family. But the Russian big bourgeoisie refused to subscribe.

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