• U.S.

ECONOMICS: Cornerstone of Steel

1 minute read
TIME

After four months of debate the Allied Control Council laid the cornerstone of Germany’s future economy: Germany will be allowed a maximum production of 5,800,000 tons of steel a year, about 25% of the prewar level. The figure was a compromise among the Big Four, much closer to the original Russian figure (3 million tons) than to the British (12 million).

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