Word: summer
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Dates: during 1940-1949
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...Asia? After the demilitarization and purges, occupation policy switched to a new phase-democratization and economic revival. But Russian veto of a peace treaty blocked MacArthur's plan to restore Japanese trade. U.S. trustbusters were still locked in stalemate with the Zaibatsu. Last summer the U.S. State Department intervened. Top Planner George Kennan took a long look at Japan. He recommended a basic change in policy, aimed at Japan's self-government, self-respect and self-support. Last December, a firm economic directive was finally drafted for MacArthur...
When Argentina asked for more arms last summer, the Army's authority to sell at bargain prices had already expired. Thereupon Argentina made a deal to buy $7,000,000 worth of U.S.-made arms at current cost, but the dollar-shy Perón government has so far been able to pick up only $1,800,000 worth of the order. Since the Argentine deal was made, Brazil, Colombia, Haiti, the Dominican Republic, Peru and Uruguay have all tried to buy in the U.S. market. Their orders have not been big enough for U.S. manufacturers to start...
...first time in ten years, Britain's Royal Academy held a banquet last week to celebrate the opening of its annual summer show, and broadcast the traditionally stately doings over BBC. Amid the clinking of port glasses and the deep, decorous buzz of voices, radio listeners heard the sonorous accents of the toastmaster calling upon His Grace the Archbishop of Canterbury and others for appropriate little speeches. At last, R.A. President Sir Alfred Munnings rose to speak, and almost broke up the party...
...balmy day last week, a Manhattan housewife shopped for her summer clothes. In one store she eyed a cotton dress, turned on her heel when she saw the $40 price tag. But before she could get away, the saleswoman stopped her; the dress had just been marked down. The new price was $15; the customer took...
...isolated case. Summer clothes in stores all over the U.S. were going at bargain rates. In Atlanta, Rich's offered $4 cotton dresses (40% below last year). In Nashville, Harvey's department store slashed all its prices by 35% to 40%. Manhattan's Gimbel Bros, put on sale $1 million worth of summer merchandise at cut prices. In Chicago, Mandel Brothers sold $18 summer dresses for $7. Montgomery Ward & Co. also swung a sharp ax. It cut prices from 10% to 40%; washing machines were off 10% to 15%; porch furniture...