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Essay

Blueprint For Recovery

Essay specific features

 

Issue:

History

 

Written by:

Wanda U

 

Date added:

October 19, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

22 / 5907

 

Was viewed:

2703 times

 

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Essay content:

The depletion of gold and dollar reserves made it difficult to import essential items and use existing facilities efficiently. Food shortages and inflation discouraged maximum efforts by a demoralized work force; shortages of coal, steel, and other basic resources further restrained production; and the severe winter of 1946-47, the worst in modern memory, nearly wiped out earlier economic gains...
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In 1947, Western Europe's agricultural production averaged only 83 percent of its prewar volume, industrial production only 88 percent, and exports a bare 59 percent. Translated into human terms, these figures added up to widespread fatigue and a pervasive sense of pessimism about the future. Making matters worse, the economic crisis worked like a superheated crucible to inflame already serious political and diplomatic problems...
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