STERLING GOODS REDUCED TO NEW YORK SHOPPERS

The video discusses the effects of sterling devaluation in America, highlighting the quick and potentially satisfactory impact on British imports. Advertisements showed price cuts of up to 20%, sparking renewed interest in British goods, particularly motor cars and fashion. The policy of smaller profits and quick returns aims to reduce the dollar gap. The video also notes the popularity of British styles and the positive outlook for British goods in America, though the long-term success of the devaluation remains uncertain.

What was the immediate effect of the sterling devaluation on British imports in America?

• No change in demand

• Increased prices

• Significant price cuts

• Decreased interest

Which product category saw a renewed interest from Americans due to the devaluation?

• Jewelry

• Motor cars

• Electronics

• Furniture

What is the expected outcome of the policy focusing on smaller profits and quick returns?

• Increase in the dollar gap

• Decrease in the dollar gap

• Stagnation of the dollar gap

• No effect on the dollar gap

How is the devaluation expected to affect British clothing styles in America?

• They will remain the same

• They will become more popular

• They will become less popular

• They will be banned

What is the general outlook for British goods in America following the devaluation?

• Negative

• Uncertain

• Pessimistic

• Promising