|Pearl Primus: Please pretend this amazing picture is somehow relevant to coal shortages in the United Kingdom in 1947.|
Operation Sealion was the German "plan" for invading the United Kingdom in the summer of 1940, of which all that needs to be said, was said to me long ago by Mr. Kristiansen: "Shut up, kid." Millwrights may not know counterfactual history, but they've been around enough fights in their time to know what's what, best army versus best navy department.
However! Sealion was only a "plan" because the German navy and air force already had a plan, which was to place the entire United Kingdom under strategic siege and strangle it to death. On 21 August 1947, came irrefutable evidence that the strategy was working, as Britain abruptly cancelled the first steps already made to full convertibility from pounds sterling to dollars [pdf]. A year later, devaluation of the pound would signal Raeder and Goering's final victory. Three years after the end of the war.
We know the basic outlines of the crisis: Britain was not earning enough dollars from exports to pay for imports from the hard currency dollar countries. In spite of the firm conventional wisdom that American manufacturing was hypertrophied at the end of the war due to the collapse of the competition, in fact Britain was going into debt buying mainly food and tobacco, while trying to pay for it by exporting machinery.* Britain would have been a great deal better off if it still had the robust coal exports that had enriched the nation in Victorian times, especially since a European coal shortage made for a robust market. It would also have been better off if it could have run its domestic manufacturing sector at full bore, but in the winter of 1947, a domestic coal shortage wreaked havoc on industrial production. One of the reasons for drastic action in August of 1947 was the fear that the misery of the previous winter would recur.
|Infant sitting on a coal wagon. Alex J. Robertson, The Bleak Midwinter|