Word: anding
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Dates: during 1950-1959
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¶ Britons were learning the conveniences of two-car families, and economists predicted that their standard of living would double within the next 25 years.
All over the world, there was clear and heartening evidence that the American conception of a modern, modified capitalism, in which benefits are shared by all, had been wholeheartedly adopted by the Old World, which once restricted the benefits to a comparative few. Anyone with eyes to see could find...
¶ Frenchmen took special pride in paying off $200 million on a debt to the International Monetary Fund ahead of schedule, piled up their first trade surplus with the U.S. in 60 years, and grew so confident that one Belgian banker remarked: "The French no longer have an inferiority complex...
Despite the new riches, no one regarded the world through Utopian spectacles in 1959; desperate poverty was still a condition of life in many lands. Nevertheless, even the humblest of nations could at least look ahead to the 1960s with hope. There were two reasons for this. In their new...
¶ Japanese had rebuilt their country so fast that they had been able to send $1.2 billion worth of investments overseas (including a Bank of Tokyo branch in Los Angeles), and had become a creditor instead of a debtor nation for the first time in history.