The history of our times abounds in further examples of this relatively novel technique of our government in its foreign policy. The North Atlantic Pact, the Military Assistance Program, the renewal of Selective Service, and the Mutual Security Program were all presented to the public and to Congress with a wealth of promises and threats. Amidst this whirl of words the future historian of the Truman administration must pursue his search for reality, slashing through the illusions of our time.
In transactions with the United States, western Europe as a whole lost gold and dollars to the tune of $800 million in the second half of 1951 and the drain continued unabated during the first quarter of 1952.
The first quarter of 1952, like its two predecessors, was a period of stagnation in nearly all branches of retail trade and of actual depression in some. In spite of attempts by traders to work up a mood of optimism in the press, there seems to have been little improvement since.
-- ECONOMIC BULLETIN FOR EUROPE, IV ( August, 1952), 1.
|1.||Forrest Davis and Ernest K. Lindley, How War Came ( New York: Simon & Schuster, 1942), p. 258.|
|2.||Thomas A. Bailey, The Man in the Street: The Impact of American Public Opinion on Foreign Policy ( New York: The Macmillan Company, 1948), p. 13.|
|4.||Maurice P. A. Hankey, Politics, Trials and Errors ( Chicago: Henry Regnery Company, 1950), pp. 126-27.|
|5.||Roger N. Baldwin (and others), The Land of the Dead ( New York: Committee Against Mass Expulsion, 1946), pp. 23-24. See also Juergen Thorwald, Flight in the Winter, London: Hutchinson & Co., Ltd., 1953.|