On this day 68 years ago, the Central Intelligence Agency’s Current Intelligence Bulletin contained financial concerns from around the globe, including Agency comments on the arrest of an Associated Press reporter, inflation in Korea, and India’s position in the United Nations.
A year prior, the leader of the Soviet Union, Joseph Stalin, had offered his support to North Korea for its Summer 1950 offensive on South Korea. The United States was in the first year of the Korean War and was looking at the additional currency added to South Korea’s economy, estimating how much confidence citizens in the South might still have in it.
Elsewhere in Asia, the U.S. Ambassador to India, Loy Henderson at the time, expressed concerns about India’s faith in the United Nations …
and in Eastern Europe, the U.S. Embassy in Prague was preparing for a backlash after the arrest of Associated Press reporter William Oatis, which they worried would be used to link the United States to an anticipated court case against Czechoslovakian Vladimir Clementis.
The full bulletin is embedded below.
Image via CIA Flickr