| Second World War Economic Errata | |
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| Topic Started: Jan 1 2011, 05:16 PM (315 Views) | |
| Simon Darkshade | Jan 1 2011, 05:16 PM Post #1 |
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Nefarious Swashbuckler
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A clearing house for economic information that may be of use or interest. 1.) Brazilian Economy " Of the $2,242,200,000 foreign investment (in Brazil in 1941), the British held 48%, the Americans 25%, the Canadians 18%, and a mix of others 9%. Foreigners controlled street car lines, electric power, coal and oil importation, much of the flour milling, all of cement production, many of the tugs and barges in Rio's harbor, and telegraphic communications with the rest of the world. A British company had owned the sewers of the older parts of Rio since 1857. Many of the movie theaters in big cities were owned by Paramount, RKO, and Twentieth- Century Fox, who actively discouraged development of the national cinema industry. Newspapers received subsidies from foreign embassies, the news wire services were foreign -Associated Press, United Press, Reuters, and the German Trans-Oceanic- and all newsprint was imported. The air force's aircraft carne from abroad, as did the army's heavy weapons, equipment, and 50% of expendable ordnance. Moreover, because a high proportion of inter- state commerce travelled by sea, rather than overland, the economy was overly exposed to potential collapse due to well-aimed torpedoes." That is from APOD, so the first sentence is removed; this was prior to the liquidation of British holdings in South America in order to pay for weapons under Cash and Carry, and as part of the conditions of Lend Lease. I will continue to look for information on the other South American states, but suspect the situation in Chile and Argentina would be even further pronounced. |
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2:40 PM Jul 11