Ask the Scholar

{
    "localId": "167824323",
    "label": "Telegram from Holmes to Secrertary of State Dean Acheson",
    "core": "doc",
    "dtoType": "document",
    "citationUrl": "https://catalog.archives.gov/id/167824323"
}

{
    "id": "167824323",
    "sourceUrl": "https://catalog.archives.gov/id/167824323",
    "contentType": "document",
    "title": "Telegram from Holmes to Secrertary of State Dean Acheson",
    "citationUrl": "https://catalog.archives.gov/id/167824323",
    "collections": [
        "President's Secretary's Files (Truman Administration)",
        "Subject Files"
    ],
    "iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750400/750400-22-001.jpg",
    "thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750400/750400-22-001.jpg",
    "largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750400/750400-22-001.jpg",
    "imageCount": 2,
    "hasImages": true,
    "source": "import",
    "hasTranscription": false
}

{
    "url": "https://catalog.archives.gov/id/167824323",
    "naId": 167824323,
    "levelOfDescription": "item",
    "productionDates": [
        {
            "day": 21,
            "logicalDate": "1949-09-21",
            "month": 9,
            "year": 1949
        }
    ],
    "recordType": "description",
    "ocrSource": "nara-archive"
}

{
    "seq": 2,
    "pageIndex": 0,
    "type": "photo",
    "url": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750400/750400-22-002.jpg",
    "mediaId": "fb2f1634c86fb78c",
    "ocrText": "-2-, 3788, September 21, 7 p.m., from London\n5. Latter view prevailed after three and one half\nhour discussion, a notable feature this discussion\nwas tendency to lay blame for Britain's recurrent\ndifficulties on US and absence of confidence in US.\nUS post -war inflation and deflation was attacked as\ndisturbing force post-war world, along with our tariff,\nshipping, synthetic rubber, etc. policies. Fear was\nexpressed US would retaliate against devaluation by\nraising tariffs and engaging in international price\nwar. There was absence of confidence we could be counted\non over long run to follow policies consistent with\nour status as creditor nation. View strongly pressed\nby some members that Britain should abandon post-war\npolicy of working with US to create single multilateral\ntrade world and should seek embark on new policy of\ntrying create third trading area independent of dollars.\n6. Parenthetically, Aneurin Bevan expressed similar\ndoubts about British policy yesterday to Embassy officer.\nIn passing remark he said Britain could not much longer\ncontinue operate on basis expedients, going from one\ncrisis to another. Unless real force given to September\ndiscussions communique by US, devaluation was last\neffort by Britain to work with US. There was no\nopportunity to discuss this further.\n7. Although views expressed by TUC and Bevan are not\nofficial, 1t would be mistake on our part to ignore\nstrength of this feeling in UK, particularly in labor\ncircles. Whether abandoning single multilateral world\nobjective would resolve Britain's problems would be\nimmaterial here if devaluation should end in new crisis.\nIn brief devaluation may represent last attempt by\nvery large section of this country to resolve problem\ndisequilibrium dollar and no-dollar world in cooperation\nwith US.\n3 NECORDS SERVICE\"\nHOLMES\nis\nEMB:RT\nDECLASSIFIED\nE. O. 11652, Sec. 3(E) and S(D) or (R)\nDept. of State letter, 2-15-25\nBy NLT- He . NARS Date 9-10-76 SBORE"
}