ECONOMICS: Tough Years Ahead

Anthony Eden said that Britain had been "doing tne splits over an ever-widening abyss." Last week Britain slipped and was left clinging to the face of a clif f.

"Dollars to Save Britain." The story of this calamity—one of the most important events of the postwar world—begins two years ago when Lord Keynes came to the U.S. to talk about getting dollars to save Britain. Keynes started with the idea that nothing less than 5 billion dollars would prime the pump; even that would have to be protected by special restrictions...

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

Learn more about the benefits of being a TIME subscriber

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