Word: prewar
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Dates: during 1950-1959
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Down to 1,300,000 tons (796 ships) at war's end. the Japanese have almost doubled their tonnage. Japanese shipyards, which had a top prewar capacity of 800,000 tons a year, now have a capacity of 600,000 tons annually. As a result, Japan is not only keeping up with the demands for new ships for her own fleet, but is producing 18 fast tankers for foreign shippers...
...Allies decided to change course as costs of the aid program to Japan shot up. Goods shipped under the program had to be carried in U.S. bottoms, though Japanese ships (which had carried the bulk of Japan's prewar imports and exports) could have done the job cheaper. Roughly 25? out of every rehabilitation dollar the U.S. was sending to Japan (excluding military appropriations) was going to U.S. shipowners. Coking coal and iron ore, for example, were costing the American taxpayer about $8 to $9 extra a ton. Faced with these facts, General MacArthur lifted the restrictions in December...
...shipowners see a storm brewing, the Japanese government sees nothing but fair weather ahead. Recently the Ministry of Transportation announced that government plans called for a 4,000,000-ton fleet by 1956, with the monthly sailings expanded to 44 on eleven routes (the same number of routes as prewar). Estimated cost of the program: $500 million, to come from a government spending program and private banks...
...joins a regiment named the Halberdiers, to be trained as an officer. To him, as to Waugh (who was himself a captain in the Royal Horse Guards), the Halberdiers are a dream come true. They embody all the sentiments of which Guy was starved in the prewar world. Tradition, esprit de corps, ritual and courtesy are combined with high efficiency and discipline. The Halberdiers still loyally toast their Colonel-in-Chief, the Grand Duchess Elena of Russia, who lives "in a bed-sitting-room at Nice.'' They take "peculiar pride" in accepting whatever recruits are sent to them...
...Yankees took their fourth straight, their19th since 1921. Weakened by Joe DiMaggio's retirement, the loss of Second Baseman Jerry Coleman to the U.S. Marine Corps and the aging of an already elderly pitching staff, the 1952 Yankees seemed at times only a shadow of prewar Yankee teams. They did lead the league in batting; but second-place Cleveland had a decided edge in power hitting, even more of an edge in pitching...