Dr. Alexander continues her comments from reel one. Among other things, she wonders whether American loans might be used for arms. Rogers speaks to the realistic implementation of the Van Zeeland Plan. He talks about the expansion of the Hull Trade Agreement Policy and about US loans to Europe and within the western hemisphere. He also answers some of Dr. Alexander's objections and argues against isolation. Topics from the question-and-answer session include: the effect of protective tariffs, defaulting on bonds, the enforceability of economic agreements, isolation, US-European relations, and the relationship between the West and Asia.