Word: germanic
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Dates: during 1940-1949
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Blocks of bright new stores have appeared amid the ruins of West German cities; rings of huge sausages festoon the show windows of butcher shops. Even the sidewalk vendor of frankfurters has reappeared in Frankfurt. West German industrial production stands at 87% of the 1936 level, steel output has soared to nine million tons a year. But the anniversary triumph requires a damper of caution. West Germany is beset by some alarming economic difficulties...
Goal? What was the ultimate goal of Allied decartelization policy? That was still up in the air. Britain wanted to nationalize the deconcentrated plants, while the U.S. wanted them to form a new basis for free competitive enterprise to strengthen the German economy. France was more interested in keeping Germany weak...
...deadlock had thus far prevented sale of a single asset, though 1,100 cartel agreements had been ordered dissolved. Now that some plants were ready for sale, there was another obstacle-a shortage of German capital to buy them. Much of the available capital in Germany was controlled by the cartelists. But the Military Government hoped that enough safeguards could be set up to keep the plants from being secretly bought by the old cartelists or being drawn into new cartels...
...Bismarck, all right. There, in Grimstad Fiord on the Norwegian coast, lay the new Nazi 50,000-ton battle-wagon-bigger and tougher than any British battleship afloat. The British Admiralty had been worrying about the German giant for months; now that she had slipped away from her Baltic anchorage, the Home Fleet would have a crack at her at last. When Flying Officer Suckling photographed the Bismarck from his Spitfire on a May afternoon in 1941, he touched off the greatest sea hunt in naval history...
...Bismarck, which fought like fury when she was finally cornered, did not want to fight at all. Her escort was the powerful heavy cruiser Prinz Eugen, but they had no destroyer screen and could expect no help from the rest of the German fleet. Their task was to hit Allied shipping and run. In foul weather, the Bismarck and her cruiser escort slipped out of Grimstad Fiord before British bombers could be put to work on them. Admiral Sir John Tovey, commander of the Home Fleet, ordered every available ship deployed to bring them to battle. Then, on the evening...