Word: slumping
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Dates: during 1950-1959
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...offer their constituents in place of the golden promises made on the hustings of more red meat and fewer controls. In a local election, depression-ridden Lancashire had just voted Laborite for the first time in its history. Eleven of the rebellious Tory backbenchers seized on the Lancashire slump to demand that Chancellor Rab Butler lift the purchase tax on textiles. When he would not, four more Tories joined the revolt...
...declare themselves in favor of private capitalism. A British delegation, respectably headed by Lord Boyd-Orr, listened with interest as one of its members, Left-Wing M.P. Samuel Sydney Silverman, announced that there were enough business orders from Russia and Red China to wipe out the Lancashire textile slump. Then Mikhail V. Nesterov, head of Russia's Chamber of Commerce, oozing cooperation and coexistence, offered to double or triple Russia's imports. He offered to buy British textiles, spices and herring, French electrical equipment and ships, Dutch tin, Belgian rayon, German, Italian and Japanese products. In return Russia...
Lancashire Is Alarmed. First on the House agenda was the alarming and growing slump in Britain's textile industry (see below). In the soot-stained towns of Lancashire, cotton mills by the score had shut down their looms. Said Labor M.P. Harry Hynd: "The people see the specter ... of the dole queues forming again, and the return of the soup kitchens and pawnshops...
...ernment did what little it could. Heavier orders for military uniforms and blankets would be placed in Lancashire mills. Imports of foreign grey (i.e., unfinished) cloth would be banned forthwith. Non-textile firms would be asked to settle in Lancashire so that whole families and cities would not slump together when the cotton mills close...
...Brown, Europe's Communist unions are currently in serious difficulties. The new Communist line of a "popular front" with the Socialists has failed. The French Communist-run C.G.T. has lost 2,000,000 members since 1949. But the free unions have not taken advantage of the Red slump. Force Ouvrière has not picked up the ex-C.G.T. members...