FOREIGN TRADE: Report on Britain

Two months ago U.S. Chamber of Commerce President Eric Johnston toured England, describing to British businessmen the attitudes and thoughts of U.S. businessmen. He preached that high postwar employment must be built upon the free trading initiative of individuals in a free economy.

Last week, Johnston's traveling companion, William Benton, vice president of the University of Chicago, told the U.S. what British businessmen are thinking. In a lively, anecdotal log in LIFE of the innocents abroad, Benton said his findings were that: 1) England has lost faith in individual initiative, has placed...

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!