This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 1948. The report highlights that during 1947 and in the early part of 1948, considerable progress was made in strengthening the economies that suffered devastation and dislocation as a result of the war. Over the world, generally production rose and recovery continued, despite widespread political tension and conflict, and disturbances. In nearly all countries, however, the need and demand for goods continued to be abnormally great, and there were increasing difficulties in meeting international payments for import surpluses.

The 1948 election was a war for the soul of the Democratic Party, with accidental president Harry Truman pitted against Henry Wallace, his embittered left-wing predecessor as vice president, and young South Carolina segregationist Dixiecrat Strom Thurmond. On the GOP side, it's a four-way battle between cold-as-ice New Yorker Tom Dewey, Minnesota upstart Harold Stassen, stodgy but brilliant Ohio conservative Robert Taft, and imperious but aged Douglas MacArthur. Author David Pietrusza goes beyond the headlines to place in context a down-to-the-wire fight against the background of an erupting Cold War, the birth of Israel, storms over civil rights, and domestic communism. Featuring a stellar supporting cast: Alger Hiss, Whitaker Chambers, Richard Nixon, Hubert Humphrey, Earl Warren, Paul Robeson, Lillian Hellman, Pete Seeger, Eleanor Roosevelt, Joe McCarthy, Clark Clifford, William O. Douglas, George C. Marshall, John Foster Dulles, Adlai Stevenson, Lyndon Johnson, H. L. Mencken, Harold Ickes, Clare and Henry Luce, and Ronald Reagan.--From publisher description.

The Annual report of the U.S. Securities and Exchange Commission (SEC) is published with a view to protecting investors and maintaining the integrity of the securities markets.