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Blueprint For Recovery
Essay specific features
Written by:
Wanda U
Date added:
October 19, 2015
Level:
University
Grade:
A
No of pages / words:
22 / 5907
Was viewed:
2746 times
Rating of current essay:
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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