Word: exportations
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Dates: during 1940-1949
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Speaking at Newcastle, hub of the nowly-nationalized coal industry, Chancellor of the Exchequer Hugh Dalton said bluntly that Britain was living on borrowed money and must produce more goods for export of face a lower standard of life and more unemployment...
State, in other words, would open the U.S.'s end of the street to any nation which would do likewise. State would demand relaxation of export-import controls, preferential tariffs, bilateral barter and other devices by which the war-torn countries of the world have sought economic security. State would demand the relaxation of state trading monopolies...
...Parliament's reassembly it issued a White Paper, chocked with black news. Britain's position was "extremely serious." The U.S. and Canadian loans "only give us a short breathing space." The country was "still running into debt Abroad." In 1946 its imports exceeded exports by $1,312,000,000. Its manpower shortage was grave: 500,000 to 700,000 more workers were needed in export industries if the trade balance was to be attained...
Some Argentines were not happy about what they called "a tidal flow of holy water." La Prensa published part of a manifesto of the underground Italian "Fascist Democratic Party": "Our aim is to export Fascist elements to those countries that will listen to them in their propaganda for the fight now going on in Italy." Conceivably it referred to Argentina, a third of whose population is already Italian. Replied pro-Perón El Laborista: "Our doors are open to all men of good will...
From its sizable British market, Hollywood got another rebuff last week. Said Sir Stafford Cripps, president of the export-conscious Board of Trade: "I am certain there are millions of [British] filmgoers who are anxious to see the best films from other countries. But there are limits to our appetite, both quantity and quality, and we also feel that exchange implies reciprocity." Unless Hollywood exports improve, he warned, Britain may well restrict them by imposing quotas and tariffs...