ECONOMICS: Dollars & Dockers

Britain's Labor government, locked in dubious battle with the obscure forces of a dollar-exchange crisis, had to turn this week to a more tangible danger. On the decision of his cabinet, King George VI proclaimed a state of emergency to meet a two-week-old strike on the London docks. Not since the General Strike of 1926 had a British government taken such drastic action in a labor dispute.

The strike had begun when dockers refused to unload two ships involved in a Canadian strike. The walkout on British docks persisted and spread. Prime...

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