Word: dollars
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Dates: during 1940-1949
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British resentment directed against America can do no good for either party. If Britain produces the right goods at the right prices the US will buy. But the longer that the British government prevents the present standard of living from rising, merely to save dollar exchange, the longer will billions in potential production be lost and longer will the English people resent the abundance common in this country. English resentment has real roots, but it should be turned towards the British government from whence it originates...
Hope for Househunters. The Department of Commerce reported that the value of new building in the first six months of 1947 totaled $5,356,000,000, a whopping 40.1% more in dollar volume than in the same period last year. Increases were even bigger in private residential building (63.2%) and public residential building (75.6%). The Department failed to note that 1) increases in volume were chiefly due to an increase of about 25% in prices, and 2) unitwise, residential building was still 25% below expectations...
Everywhere they sensed the world's deep economic agony. In one day in Shanghai, the rate on the dollar changed from 40,000 Chinese dollars to 46,000. For Gardner Cowles of the Des Moines Register and Tribune the trip was old-hat; he had done it before with the late Wendell Willkie. Then he had come back hopeful. This time he sensed a worldwide feeling that peace "had been fumbled." The U.S., he feared, would not be able to "pick up all the checks...
...short-time visitor, the "controls" seem to be working well. The leading illustration is in restaurant prices. where top price of five shillings has been put on meals--that's one dollar, and it stands even in the best restaurants. In some of the swank places (based on pre-war prices) a "house charge" of a few shillings is allowed also, but in general one can get a solid three-course meal (although usually chicken or fish) for a dollar. In addition, the government has established special low-price restaurants in poor areas. Housing, on the other hand, is retarded...
...opponents, meanwhile, prepared to meet another GOP onslaught as the Republican leaders readied their new four-billion dollar tax-cut bill for a vote in the House today. Yesterday, the House unanimously approved a bill permitting holders of GI terminal leave pay bonds to cash them after next September 1. Congress also heard a message from President Truman, asking it to solve the "tragic problem" of Europe's displaced persons...