Word: croppings
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Dates: during 1940-1949
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Weight of a Bomb. Beneath its ruffled and fretful surface, however, the U.S. nation was stronger than it had ever been before in peacetime. Aside from its wheat crop, its not-too-good corn crop, and its $231 billion of produced wealth, it had a technology unsurpassed in history. In the atomic bomb-uneasily held-it held title, hopefully exclusive title, to the decisive military weapon. The U.S. had scaled down its once great military establishment, but it had merged its armed services, which promised better military preparation. How long it would take Russian technology to redress the power balance...
Despite the mass killing of war, the world's population had swelled by 8% since 1939 (nearly 200 million more people), but world food production had dropped by 7%. Because of last summer's drought, Europe's grain crop was 8,000,000 tons below last year's. Shipments from the great North American granary will be 2,300,000 tons less in this "cropyear" (ending July 1, 1948) than in the previous year...
...world's great rice exporters - Burma, Siam, Indo-China - have never recovered from their wartime agricultural breakdown. This crop-year they will be able to export less than one-third the normal prewar figure. No matter how well it is distributed, this food balance sheet adds up to acute shortage. Two countries, Argentina and the U.S., both more prosperous than they were before the war, might alleviate the crisis, Argentina by charging less, the U.S. by eating less...
Cream of the Crop...
...press conference later, the council's mild-mannered chairman, Edwin G. Nourse, former vice president of Brookings Institution, was less chary. The scarcity of coke, steel, pig iron and railway cars, he said, "is likely to prevent production from overshooting the mark. . . . Given a fair crop year, there's a distinct possibility that 1948 will see an abatement of the inflation...