U.S. citizens got their first look last week at the newest governmental plan to solve the No. 1 postwar problem: unemployment. The plan came not from Washington but from London. Issued there in the form of an official White
Paper by Lord Woolton, Minister of Reconstruction, it may well turn out to be a historic document, not only for the English, but for Americans. The reason: Winston Churchill's Government became the first major democratic government to shoulder a broad, new, postwar governmental responsibility: the prevention of depressions.
Soon the U.S., along with other governments, will almost certainly have to make...
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