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I've never understood the enormous need of the British in the mid forties to cancel all their research projects, destroy everything and hand the data carte blanche over to the Yanks; the m52 as an example.
Can anyone shed light on the reasoning/impetus for this?
In the realm of spirit, seek clarity; in the material world, seek utility.
Money, or more specifically the lack of it. The country was completely bankrupt, to the extent that they were funding the government by selling the RN for scrap. The more you look into the situation, the more amazing it is that we actually managed to keep some research projects going (notably nuclear weapons through the Tube Alloys project and the V-bombers).
Rule 1: Never trust a Frenchman
Rule 2: Treat all members of the press as French
I've never understood the enormous need of the British in the mid forties to cancel all their research projects, destroy everything and hand the data carte blanche over to the Yanks; the m52 as an example.
Can anyone shed light on the reasoning/impetus for this?
We tend to be Father Christmas to all..We make the "gifts" but recieve non:)
Money, or more specifically the lack of it. The country was completely bankrupt, to the extent that they were funding the government by selling the RN for scrap. The more you look into the situation, the more amazing it is that we actually managed to keep some research projects going (notably nuclear weapons through the Tube Alloys project and the V-bombers).
I entirely agree. We have only recently finally paid off our debts for WW2.
Read above posts ,,,, but if you want , we can send the gifts to you if you wish ?;)
We have list of stuff which dates from 1800's to 1947, plus we would also to have Maggie Tatcher too, we need politicans with some balls in this country.;)
I entirely agree. We have only recently finally paid off our debts for WW2.
There's still the issue of the WWI debts. ;)
Historic debts
Yet for Dr Tim Leunig, lecturer in economic history at the LSE, it's no surprise that the UK chose to keep this low-interest loan going rather than pay it off early.
"Nobody pays off their student loan early, unless they are a nutter. Even if you've got the money to pay it off early, you should just put it in a bank and pocket the interest."
And if it seems strange to the non-economist that WWII debts are still knocking around after 60 years, there are debts that predate the Napoleonic wars. Dr Leunig says the government is still paying out on these "consol" bonds, because it is better value for taxpayers to keep paying the 2.5% interest than to buy back the bonds.
And while the UK dutifully pays off its World War II debts, those from World War I remain resolutely unpaid. And are by no means trifling. In 1934, Britain owed the US $4.4bn of World War I debt (about £866m at 1934 exchange rates). Adjusted by the Retail Price Index, a typical measure of inflation, £866m would equate to £40bn now, and if adjusted by the growth of GDP, to about £225bn.
"We just sort of gave up around 1932 when the interwar economy was in turmoil, currencies were collapsing," says Prof Harrison.
Nor were we alone. In 1931, US President Herbert Hoover announced a one-year moratorium on war loan repayments from all nations so the international community could properly discuss what it was going to do.
I've never understood the enormous need of the British in the mid forties to cancel all their research projects, destroy everything and hand the data carte blanche over to the Yanks; the m52 as an example.
Can anyone shed light on the reasoning/impetus for this?
They didn't have us (and the rest of the empire) to steal from anymore.
For Gallifrey! For Victory! For the end of time itself!!
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