Word: plan
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Dates: during 1950-1950
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...Including son Robert, third youngest of nine children. Son Joseph Jr., naval aviator, was killed in World War II. Son John is a Massachusetts Congressman who has voted for Marshall Plan funds and military aid to Europe...
...over methods of getting the most out of U.S. corporations. Their differences of approach eventually boiled down to the question of which man would go and which would stay. Nelson ruled for Wilson and fired Eberstadt, although Wilson later came to praise (and use) Eberstadt's Controlled Materials Plan...
Thirty months after Marshall aid began, Chancellor of the Exchequer Hugh Gaitskell last week had an announcement for the House of Commons: Britain could go it alone; Marshall Plan aid would be suspended Jan. 1, 18 months ahead of schedule. "Now we can begin to walk proudly again," said...
...billion in dollar aid had bought Britain time to work out a way of living within its income-austerely. British production had increased about 40% over 1946; the rate of dollar-spending in the first quarter of 1950 had been cut 25% from the first Marshall Plan year. Currently, U.S. stockpiling was bringing an unexpectedly large number of dollars into the sterling area, especially for tin and rubber. Britain's share of U.S. military assistance-still unspecified-would also help keep the dollar gap closed...
...gold and dollar surplus could be wiped out by British rearmament costs or by a fall in exports. The London Economist gravely noted last week: "The ability of the postwar British economy to survive in competitive conditions remains untested." For this reason, Hugh Gaitskell had carefully stressed that Marshall Plan aid was suspended, not ended. Should it again be required before the end of 1952, it would be forthcoming...