GREAT BRITAIN: Westward Ho! for $ $ $

Time & again since war's end, Britons have been told that they had rounded the corner to economic recovery. Time & again, they have found that just around the corner was another crisis. In the face of each new crisis, Britons worked harder than ever before; industrial production boomed to 40% above the prewar level. But Britain was finding it increasingly hard to get dollars in exchange for its sweat and toil.

This year, British exports to dollar areas, after a year of steady climb, turned sharply downward; for the first two months,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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