Word: output
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Real prosperity did not return until the end of World War II. But with the silencing of the guns and the conversion of wartime technology to peaceful uses, there began a generation of rising affluence throughout much of the world, of rapid growth in output and incomes that continued through the '50s and '60s. One of the early milestones of that era was the Marshall Plan of 1947, an act of imaginative statesmanship that started the rebuilding of the war-shattered economy of Western Europe into the mighty industrial engine of today. It also constituted formal recognition-fulfilling...
...single week, the amazing output of 389,000,000,000,000 of marks-or more than all outstanding marks put together-was seen. The discount rate of the Reichsbank stood at the unparalleled rate of 90%. Individual German States like Dantzig are seeking to establish new currencies of their own, and the Berlin government is frantically at work trying to invent some new gold-convertible currency for the nation...
Without Ruhr coal, and without the German industrial output which depends on Ruhr coal, the rest of Europe cannot recover. To help remedy that paralysis, the U.S. last week issued a new directive to Germany's occupation chief, General Lucius D. Clay, superseding Joint Chiefs of Staff Directive 1067 (which had directed the U.S. commander to take "no steps looking toward the economic rehabilitation of Germany"). The new directive said: "An orderly, prosperous Europe requires the economic contributions of a stable and productive Germany." The U.S. suggested that the permissible level of industry in Western Germany be raised...
...Arab countries meeting in Kuwait decided that each month from now on they will reduce oil output at least 5% below the preceding month. The cutbacks will continue, they said, "until an Israeli withdrawal is completed, and until the restoration of the legal rights of the Palestinian people...
...leading maker of home appliances, dubbed its first wringer "the hired girl" and cranked out some 2,000 machines a day during the peak production year of 1948. Workers put in 60-hour weeks to fill the demand for washers that cleaned the diapers for the baby boom. Now output is down to several dozen...