In the golden autumn of the 14th year after World War II, all Europe was humming with a new prosperity. In Britain, where voters had just emphatically endorsed Prime Minister Harold Macmillan's claim that they never had been so well off, the government this week planned to improve their lot still further by abandoning, for all practical purposes, the $280 ceiling on the amount of sterling British tourists are allowed to carry abroad. On the Continent the boom was so solid that last week the foreign ministers of the Common Market met...

Want the full story?

Subscribe Now


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!