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Document identity
localId
207523150
label
Memorandum Regarding France
core
doc
dtoType
document
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1
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naId
207523150
levelOfDescription
item
productionDates
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ca.
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1952-01-01
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1952
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description
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nara-archive
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1
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photo
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e6b21de67bc9e475
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FRANCE The superficial appe arance of France is good. There is plenty of food and all the French people appear to be well-fed, well-clothed, happy, and busy. Their cheerfulness and optimism is in sharp contrast to the querulousness and pessimism which characterized the French people in the years immediately before World War II. The present Government is steadily gaining in strength and has driven the franc down from 530 to the dollar to 320 to the dollar in a period of six months. Parliament recesses this week and will not meet again until the coming winter. Barring external influences the present Government should be stronger in January than it is now. Communists are very quiet at the moment. It is generally believed that this is due to their desire to further weaken DeGaulle, whose popularity is largely based upon opposition to Communist activity. The size of the Communist Party in France apparently is dwindling but there can be no doubt that the French Communists are very well organized and adequately armed. In the event of war between Russia and France, they could and undoubtedly would initiate a brisk and troublesome- though probably nort--civil war. It is not conceivable that in the foreseeable future they will become a major contender for political power, although under the French system, they will wield a political power entirely disproportionate to the smallness of their membership. It is generally believed in France that the United States is on the brink of a serious economic depression. So effective has the Communist propaganda been on this point that even the leading American businessmen in France believe a serious American depression cannot be avoided. They were astounded to learn that the amount of outstanding savings bonds today is $5 billion greater than at the end of the war. Curiously enough although they have swallowed the Communist propaganda on an American depression, they do not believe that such an event would be of appreciable help to the Communist cause in France. One and all agree that the large number of small property holders in France constitute an effective guarantee against Communist success. Although the development of French industry and properties is undoubtedly being delayed and hampered by long range planning which has not yet crystallized and by restrictions upon building which will probably continue until long range plans are completed, the tempo of industry and business is good and probably will improve.