Word: dollars
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...from a pile of Treasury briefs that mounted during the week from 20 to 42. He was reported, among other things, to be weighing the chances and consequences of a further slash in U.S. imports to slow the alarmingly rapid drain of his country's dollar reserves...
Like a sales manager giving a quiet pep talk, he urged British industry to go out and grab a larger slice of the dollar market. He proposed two "practical, realizable goals"- a fivefold increase in the number of British firms engaged in exporting to the U.S.; and a threefold increase of British exports to the dollar market (from $600 million to $1.8 billion...
Hoffman pointed out that in 1948 the U.S. had a gross national product of $254 billion. "Just three-tenths of 1% more of that spent on British goods,"he said, "and the dollar gap can be closed . . . First, study carefully what the Americans want. Then make it at prices they are able and willing to pay, and package it to appeal to the American consumer. That is the way to earn dollars...This will take energetic salesmanship as well as cheap production. It is the challenge confronting the business statesmanship of Britain...
...Labor slogan was "retrenchment." It would mean a halt to further expansion and perhaps a cutback in social services, wage freezing and other painful economic measures, all designed to strengthen British competitive power in the dollar market. What retrenchment really added up to was an attempt to inject a strong dose of competition and incentive into an increasingly security-minded Britain...
Whatever his background, a youngster entering the Republic earns his own livelihood, pays for his board & keep in one of the nine cottage-type dormitories in the Republic's own currency (redeemable at about 50? on the dollar). Jobs range from ditchdigging and housekeeping to plumbing, carpentry, masonry, welding, and office chores. Average income of a Republic citizen is about 15 Republican dollars a week, of which living expenses take about ten. Chief drains on the remainder: Republican income taxes, to pay salaries and expenses of junior government officials; clothing and travel; savings...