Word: dollars
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Dates: during 1940-1949
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...what measures could be taken to save Britain from economic disaster (see INTERNATIONAL). To much of the U.S., sunny and prosperous in the late summer, the British crisis had an unreal look to it. Many a citizen could only take it on faith that behind the talk of the dollar gap, Britain's inadequate production and devaluation of the pound lay a dire threat to the stability of the Western World. In Washington, where men faced one another across the conference tables, the crisis was closely documented in bushels of unhappy statistics...
...real life, boarding the Mauretania en route to the Washington conference on the British dollar crisis, Ministers Bevin and Cripps tried to be less doleful. They linked arms and beamed for cameramen. Bevin remarked that they were on "one of the most important missions in history." Someone yelled from the dockside, "Bring us back some dollars!" Bevin said: "I would ask the public not to expect to find the solution in a moment." Sir Stafford smiled toothily at his colleague's statement. "Good," he applauded. "Well done...
...British dollar crisis seriously affected Western Europe's hesitant start toward economic integration. In Paris the OEEC (Organization for European Economic Cooperation) sat down to divide up the Marshall Plan dollars for 1949-50. The estimates of irreducible need from each country totaled about $5 billion. Since the U.S. Congress was expected to provide only about $3.7 billion, a working party was set to paring down the estimates. When, with blood almost visibly dripping from the knife, the working party reported, there were cries of pain from Britain. Direly worried about the immediate future,Britain had upped her original...
Catching a mountain lion in a coyote trap is quite a surprise. Finance Minister Ramon Beteta last week found how it feels. He had set out to run down the silver smugglers who had been cheating the government of export taxes and dollar earnings. He ended up with the ultra-conservative Banco de Comercio, S.A., the country's biggest private banking house, on his hands...
...usual, the crowd stamped first into the "25 Dollar Room" to grab up the bargains-small pictures signed by such big-name summer residents as Reginald Marsh, Clay Bartlett and John Koch. Summertime Vermonter Paul Sample had forsaken landscapes to paint a dingy backstage ballet scene; John Taylor Arms sent a sheaf of his architectural etchings. But such relatively individualistic efforts were exceptions to the show as a whole...