Recovery of Europe and the Marshall plan; American foreign economic policy; The sterling and free foreign exchange markets; Signature of bilateral treaty between United States and Germany for partnership in the European recovery programme; Reduction of the European dollar gap; Prospects for British exports; Achievements and limitations of European recovery; US expenditure on foreign aid; US aims after end of the Marshall aid; US criticism from press and politicians of British Labour party’s standing out of Schuman plan; Criticism of Italy’s attitude towards the Marshall plan; American and British industry situation.

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