Word: action
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Dates: during 1940-1949
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Generally optimistic views over the British action and its effects on west and East came from seven of the University's economic experts--men familiar with the problem through work with the Economic Cooperation Administration the University's Russian Research Center, and through general studies in the field of international trade. Of these men, only one was not convinced that devaluation had at least al fair chance of solving Britain's economic woes...
Finally, Professor Williams believes that much of the success or failure of the British action will depend on the United States. The fundamental cause of Britain's and Europe's dollar deficits "lies in our short-run economic instability and our long run tendency to outstrip others in production." The remedy here, Professor Williams feels, may be President Truman's "Point Four" plan to build up undeveloped regions through export of American technology and skill. "And we must preserve stability at home if we really want to achieve a world balance by some other means than the expenditure...
While most of the University's experts were concerned with the effect of devaluation upon Great Britain and Western Europe, two in the Harvard family were nothing the impact of the British action upon Soviet Russia...
...Chancellor then spoke of the action that has kept Shortliffe out of this country...
This procedure on parking is a repetition of last fall's action, which saw numerous cars towed away from their illegal spots to the Elbery Garage...