ECONOMICS: One More Locomotive

In three words — "one more locomotive" — Pierre Mendès-France, Minister of National Economy, dramatized the economic paralysis of a once great industrial nation.

"This is what we French can do," he said, "with one more locomotive only. We can put that locomotive on a run between the northern coal mines and the eastern industrial basin. . . . We could take enough coal with this one locomotive to make it possible for our iron industry to produce 4,000 tons more of iron each month. With one month's iron we can repair...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!