Word: britain
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Dates: during 1930-1939
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...Reynaud's basic argument for France's having closest economic collaboration from Britain and the support of her banking system and gold reserve was that France has called to the colors five men to Britain's one. While she holds the Maginot Line, Britain should protect the inner front. M. Reynaud and Sir John also agreed that just because there is a war going on-especially a standstill war where the real fighting is economic, by blockade and the capture of Germany's export markets-is no reason why business and commerce should not go ahead...
Stronger Than 1914. The wisdom of a cautious, controlled war economy, and the economic strength which Britain this time brings into the fight, were assayed last week by William Burton Burton-Baldry, London broker, in his lively Fortnightly Review...
Broker Burton-Baldry further noted that British imports of Empire cotton have risen 300% since 1914. And that Britain in 1913-18 imported 52% of her wheat from the U. S., whereas today she need import none from outside the Empire...
...purchase from the United States without recourse to the type of borrowing that became essential [last time]. . . . Our expenditures in the United States can be controlled within the limits of our available and accruing dollar balances. For some time, if at all, it should be unnecessary to call on [Britain's] reservoir of American securities which have been mobilized [estimated at $1,100,000,000], for the traffic in them can be only one-way traffic...
While France's Paul Reynaud and Britain's Sir John Simon put their heads together to strengthen the external economy of the Allies (see above), one of Britain's leading economists advanced a notable plan to strengthen Britain's internal economy, to help pay for the war while it is being fought, to help smooth the economic bumps which must be felt when it is over. Author was "The Stinger in the Triple Bromide"-Economist John Maynard Keynes, who, as a member of the Economic Advisory Council and secretary of the Royal Economic Society, frequently stimulates...