National Affairs: Cost of Victory

Ever since the talks on Britain's dollar crisis last summer, it had been obvious that the U.S. would eventually have to pick up the check for the cost of victory over Germany. Last week in Washington, ten flight-weary British experts told the U.S. that the time had come. The U.S. would now have to put up at least 80% of the $700-800 million annual bill for feeding and rebuilding the combined occupation zones.

The one question still unanswered was how much control over Bizonia's occupation policies Congress would demand in return for more U.S. dollars. Looking for a compromise which would keep...

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!