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Focuses on de-industrialization of Germany and her transformation into an agricultural country. Role of former Secretary of the Treasury Henry Morgenthau in outlining a plan for de-industrialization of Germany; Description of economic provisions of the Morgenthau plan which consists of a program for the destruction of Germany's heavy industries and a program for pastoralization; Statement that allied control over all of Germany's foreign-exchange transactions is a practical policy and her exclusion from cartels is an obvious lesson of experience; Account of Berlin Declaration which, in contrast to the Morgenthau plan, does not necessarily entail the de-industrialization of Germany, it proposes economic decentralization for the purpose of eliminating the present excessive concentration of economic power as exemplified in particular by cartels, trusts and other monopolistic arrangements; View that destruction of heavy industry would disorganize and contract international trade at a time when expansion is most urgently needed.

Justifies the need of a balanced economy in Germany and not the one that made her an aggressive power in the last fifty years. Analysis of general Dwight David Eisenhower's report in reply to U.S. Secretary of the Treasury Henry Morgenthau's plans for the deindustrialization of Germany; Flaws in the plans of deindustrialization of Germany and breaking it up into big estates; Proposals placed under the report published by the National Engineers' Committee of the Engineers' Joint Council on Industrial Disarmament of Aggressor States in regards to the state of postwar German economy; Reasons given that support the notion that Germany cannot be an agricultural nation.

Focuses on the Allied reparations policy for Germany after the Second World War. Details of Potsdam Declaration which outlines features of Allied reparations and disarmament policy; Reference to Morgenthau plan which envisaged the de-industrialization of Germany and her transformation into a predominantly agricultural country; View that when the two-year reparations and industrial-disarmament stage is to begin, the eventual economic unification and recovery of Germany and the termination of military occupation should be to be taken into account; Proposal that Germany should make the maximum possible contribution to the liberated countries; Needs of Germany's peacetime economy to determine the volume of available reparations; Criterion for measuring reparations will be the average standard of living of the European nations, except the Soviet Union and the United Kingdom; Suggestion that Germany's export needs are possibly a better criterion to estimate the amount of industrial equipment to be left in the country than the standard-of-living test, particularly since her standard of living will depend to a large extent on her export trade.

The article focuses on the financial crisis in Detroit. Shutdown of the Ford Motor Company, which put 50,000 people out of work; Assertion that lack of material from the Kelsey-Hayes wheel plant in Detroit forced to close the Ford plants; Background of the Kelsey-Hayes strike; Intention of the United Automobile Workers officials to ask the National Labor Relations Board to take a strike vote among the employees of the automobile industry's Big Three, General Motors, Chrysler and Ford; Demand of the Union for a wage increase of 30 percent; View that a strike mandate is a powerful weapon in any wage negotiation; Information that the unions are maintaining that industry can raise wage rates without increasing prices; Question concerning of sharing of industry profits.

The news that automaker Studebaker Co. was closing forever its ear-building operations in South Bend, Indiana came as a shock for many people. That evening, as the 7,000 workers streamed out of the plant, they found television cameras at the gate, and airpressed their shock and numb disbelief for the national news wrap-ups. Studebaker was a symbol of South Bend for the world, and that for 7,200 active members and 2,175 retirees, it had been a world in itself. Even before the lay-off, last November 1963 of 1,700, a man needed fifteen years' seniority to hold down a job in the plant. Only workers with twenty or more years of seniority were working on December 10, 1963 and the average age of the employed workers was over fifty-four.

In the official version of foreign newspapers, the recent seizure of Italian factories by the workmen, resulting in a nation-wide compact for workers' supervision in industry, was made possible only by the "incredibly supine attitude of the Italian Government." This explanation of the Italian workers' success is sufficient to those who have forgotten that Europe has been shaken by a great war; that revolution is in reality, and not merely in headlines, stalking abroad; and that the Peace of Versailles has condemned everybody to grab what he can get. Premier Giolitti's official explanation of the Italian Government's attitude was that it is due to a social adjustment was taking place the world over.

Presents letters to the editor referencing articles published in previous issues of the journal. Analysis of the defeat of the proposed merger of Democratic Socialists and Communists in a membership referendum of the Social Democrats in Germany; "The Army's Mental Goosestep," published in the April 1, 1946 issue; Possibility of permanent de-industrialization of Germany; Suggestion to control the activities of Germany in order to establish peace.

Presents letters to the editor on several issues. Comments on the priority given to decency and humanity in dealing with other nations; Effects of industrialization on the income levels of Soviet citizens; Comparison of eating habits between peasants and city dwellers.

The article highlights the meeting of U.S. President Harry S. Truman, Soviet Premier Joseph Stalin and British Prime Minister Winston Churchill in Potsdam, Germany. Throughout the conference, the leaders have exchanged heated words that was never harmoniously resolved. The event marked the American impatience to do business with the Russians. The deindustrialization of Germany and collection of large-scale reparations have been addressed at the event.

The article offers news briefs related to business. Business groups from Europe Soviet Union and the U.S. join hand to reorient world business and gain greater control over markets. Great Britain plans to decrease its excess-profit tax, only if the profits substitute a tax on dividends. Control Council decides upon what equipment will be used in Germany as a part of reduction in the German industries.

The article offers information on several developments related to World War II and its impact on international business. U.S. President Harry S. Truman will announce the personnel changes in the U.S. State Department which including the replacement of Undersecretary Joseph C. Grew. The long planned international commercial policy conference is stated to be held in the U.S. in March 1946. Moscow, Russia declared to join the war.

The article examines the proposed solutions to the economic problem of Germany as of February 1945. Partition plans for Germany include repatriation of Germans in Russia, Poland and Czechoslovakia, and the international control of the Ruhr-Saar steel-coal region. Another proposal to solve the German problem is transformation into an agricultural economy which would mean cutting Germany's standard of living. The article cites reparations as a significant determinant of the economic future of Germany.

The article offers information on the peace treaty for Germany introduced by a council consisting of various countries including the U.S., Russia and France. According to the treaty all the war-producing industries including aviation, shipbuilding and munitions plants in Germany will be closed and the metal producing industries will be under rigid control. Germany will have to move back to its original borders and must handover all its gold to western Allies and surrender its assets to Russia.

The article reports on the Foreign Economic Administration's Energy Branch program for economic and industrial disarmament of Germany. Topics mentioned include the prohibition of all production of raw aluminum and magnesium, oil and methanol, and heavy trucks in Germany, the shutdown of German scientific and laboratory operations in military and related fields, and a proposal for permanent internationalization of the Rhine, Ruhr and Palatine areas under the United Nations Organization.

The article presents an international business forecasting on the business conditions of the world as on January 12, 1946. It is expected that the Soviet Union will dominate the world both politically and economically. Madrid, Spain will continue to parcel out dollar exchange for U.S. imports in inverse ratio to the diplomatic pressure from Washington. Germany is likely to become a good competitor in the market in near future.

The article provides updates on issues related to international business as of January 5, 1946. Topics discussed include large foreign orders for all types of U.S. equipment, direct equipment orders to be placed in the U.S. according to Conservative London group, and signs of trade recovery in France and Great Britain.

The article reports that the Kefauver Bill or House Resolution (H.R.) 4810, if approved by the U.S. Congress, would require the government's approval of combines concentrating over five percent of sales in any field. Topics mentioned include the U.S. Federal Communications Commission as one of the reviewing agencies, prohibition of stock acquisitions by Congress, and the court ruling on the case Vivadou vs. Federal Trade Commission.

The article offers information on various international events affecting the industry. It reports on the first conference of United Nations to be held in London, England on January 10, 1946. It also discusses the recommendations by U.S. Foreign Economic Administration which calls for the industrial and economic disarmament of Germany. It also reports on the proposal by Calvin Hoover laying less importance on the elimination of German industries and more on the development of its neighbors.

The article offers an outlook on global politics and business as of December 1945. U.S. Secretary James Byrnes plans to persuade Russia to participate in the first United Nations Organization meeting to be held in London, England in January 1946. Byrnes needs to show the Russians that the U.S. has started recognizing some of Russia's reasons for rejecting the U.S.-British role in the postwar world. Russia meanwhile is strengthening its influence on Eastern European nations.

The article offers information on several international business developments. It reports on several topics concerning German industry which include textile business with France and Great Britain, banning of light metals such as aluminum and magnesium, and steel industry for the Nazis, which will be discussed at the Potsdam meeting to be held in Potsdam, Germany. It further informs about an Anglo-U.S. oil agreement which is stated to suit U.S. oil interest and also to meet British requirements.

Not many British travelers, writing about the U.S., have been so friendly as D. W. Brogan is in his book, "The American Character," and probably almost none have known both the past and the present life or the U.S. as well as he. This makes for an extremely disarming treatment of our national character, and the fact is that Brogan is not only an agree- able and well-informed observer but, at many points, a very astute one. On such matters as public education in the U.S. Brogan delivers himself of some of the most sensible judgments this reviewer has encountered-from Europeans or, indeed, Americans. His book, however, was intended for a British audience, and though naturally Americans too may learn things from it, an American reviewer is bound to remark that Brogan is liberal-minded.

The article reports that portable oil well drilling rigs are coming into their own in important U.S. oil producing sites after having played a vital role during World War II and mentions topics like the Nazi invasion, George E. Failing Co., and Alaskan oil resources.

A photograph of 160 prefabricated houses crated in Greenville, Georgia for shipment to Europe in 1946 is presented.