In Latin America, it was playtime.

In Rio, ex-King Carol of Rumania and his Madame Lupescu paraded down the mosaic sidewalks that curl along the slim half-moon of Copacabana beach. Tens of thousands of cariocas, impelled by a summer heat wave, dashed into the Atlantic's cool, green breakers. At Argentina's Mar del Plata, the Unzues and the Martinez de Hozes and all the other upper-crusters sunned themselves at private beach clubs, far from the madding crowd, and seldom swam (the water was too cold).

In the U.S., war-rich, free-spending "North Americans" were of a mind to join the Latin American playmakers....

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