Word: gaps
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Dates: during 1940-1949
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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...
...Revolution of Sorts. At the bottom of the crisis was a by now familiar phenomenon-the yawning "dollar gap," i.e., the fact that Britain, like most of the rest of the world, spends more dollars than it earns in the U.S. The British have tried to meet the situation by more production, increased exports, by cutting dollar expenditures, and rigging bilateral trade deals with nondollar countries. The chief trouble (in U.S. eyes) is that the British are poor salesmen, do not adapt their products to what is wanted in the U.S. and have prices which are far too high...
...quietly and ominously in the air. One of the quiet sort is now building up. Until a few months ago Britain's recovery was one of the most hopeful signs in the world picture. In April, British exports to the U.S. dropped 38% below March, widening the famous "gap" between what Britain has to pay out for dollar imports and what she can sell for dollars...
...dean will help fill the gap left by the retirement of Assistant Deans Norman Harrower, Jr.; Robert W. Sides '38, and Judson T. Shaplin...
...King's absence. She will still have to wait three more years before she comes into her own money (a ?6,000 annual allowance from Parliament and numerous legacies), but to all intents she is a grownup, with her own suite of rooms at the palace. The yawning gap of years that separates her from her elder sister is all but closed. There is only one minor difference left: one day Elizabeth will probably be Queen and she, in all likelihood, will not. For Margaret that difference means only more freedom for herself. She may marry whomever she pleases...