Word: u-boats
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There were passages shot only at Britain: "On land the number of our divisions has been mightily increased. . . . Equipment has been improved and our enemies shall see how it was improved. On the seas the U-boat war will begin in the spring. And the Air Force will also put in an appearance, and all the armed forces together will force a decision one way or another." There was a specific warning to the U. S. "Whoever imagines he can aid England must, in all circumstances, know one thing: Every ship, whether with or without escort, that comes before...
World War I caught the U. S. with a miserable little merchant fleet of 430 cargo and passenger ships. Foreign bottoms carried over 90% of U. S. overseas trade. When the Allies set up a cry for ships to offset U-boat sinkings in early 1917, the U. S. responded with its Bridge of Ships. The program, carried out by the U. S. Shipping Board Emergency Fleet Corp., built 2,316 ships-the biggest, fastest shipbuilding program ever undertaken...
...More serious than the air raiding has been the recent recrudescence of U-boat sinkings in the Atlantic approaches to our island...
...idea of socialism is much deeper founded than we wish to believe, and therefore no power now will stem the avalanche." ^ German reaction to U-boat successes is falsified in the British press. "Actually the good German people do not shout with joy or say 'That's good news.' What they say is 'Oh, those poor British people, think of their families.' " >-"Let us avoid getting into tight corners and above all quit experimenting and trying to pull ourselves by our bootstraps with anesthetic, money-wasting measures, only to get from one hole into...
...exports valued at ?31,189,000 were down 22%. Allowing for depreciation of approximately 20% in the exchange value of the pound (which would increase the value of imports), this indicated a fall of 9% in the volume of imports-no great tribute to the effectiveness of the German U-boat and air blockade. The excess of imports over exports for the eleven war months was $2,183,200,000, or $832,000,000 more than for the corresponding period in 1938-39. Considering the depreciation of the pound, this also was not great. Since British exports to Europe have...