Word: britain
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Dates: during 1930-1939
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Economist Keynes addressed to the semiofficial London Times two articles to which that august organ gave full space and a respectful editorial. His idea was that Britain should apply a forced loan scheme to all her income earners. As military production goes up in the Government-financed war cycle, production of consumer goods will go down, the cost-of-living will rise...
High war prices, caused by money being a lot more plentiful than goods, are already beginning to worry Great Britain. Economist Keynes's plan had a particular appeal as a price-keeper-downer since it would lock up money that would otherwise be spent. To keep down the price of consumer goods, to temper the war inflation for those who do not enjoy its upward effect on wages and speculative profits, Mr. Keynes proposed a double levy on all incomes, one part to consist of tax, the other of low-interest (2½%) loan to the Government...
...their anchorages, as required by international convention. Certainty came when, driven by gales, mines of German make washed ashore in quantities along the British North Sea coast and in Belgium, bashing into piers and bulkheads with savage detonations, frightful flotsam set afloat by the nation whose leader promised that Britain would now be spoken to "in language she can understand...
...Great Britain has most of Malaya, Burma, Sarawak, the other half of New Guinea, and Hong Kong...
...their own farther up the pipe at Canton, and Hong Kong became a comparatively dead city. It is still one of the most beautiful ports in the world-its harbor is like a Wedgwood plate full of sugar buns-but it is now a negligible trade centre, and Britain plans to abandon it at the drop of a bomb...