Word: traded
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Dates: during 1940-1949
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Though he was perhaps the most spectacular performer of the season, he was not alone. The fall of 1949 produced a full flowering of the congressional junket. With EGA, D.P. camps, trade barriers, military installations and the Folies-Bergere all to be inspected, almost any standing committee could dip into the public purse for foreign travel. A great many...
Harry Darby learned the boilermaker's trade in his father's small shop, was a combat artillery captain in World War I, and on his father's death in 1923 brashly borrowed $120,000 from a bank to buy and improve his father's boiler shop, groomed it into a rich and versatile steel-fabricating company...
...when foggy hope of cooperation between the democracies and Communism swirled everywhere, labor unions of 56 nations got together in Paris and set up the World Federation of Trade Unions. The organization included Soviet Russia's state-run "unions," big Communist-infiltrated unions like those in France and Italy, and genuinely democratic labor organizations. Early this year, emerging out of the postwar fog of confusion, Western labor finally fully realized that the only way to "cooperate" with Communists is to submit to them. The U.S.'s C.I.O. and Britain's T.U.C. (Trades Union Congress) walked...
Because there was free speech at the London conference, there were disputes. Hardly had the honeyed addresses of welcome ended when some delegates charged that Roman Catholic unions on the Continent, which have their own federation (International Federation of Christian Trade Unions), were being excluded from the new organization. Reuther patched up this fight by a compromise: the Catholic unions (which are among the toughest anti-Communist fighters on the Continent) would be invited to come in, but would have to quit or disband their own international organization within two years...
...insular New Zealand, with its butter and mutton economy, has been an experimental laboratory for welfare statism. Today, social security-paid for by a flat 5% tax on all private and corporate income -includes state-paid old-age pensions, unemployment benefits, medical and hospital care. Industry is heavily regulated, trade unionism and industrial arbitration compulsory. Liberal and conservative governments have shared in the vast social experiments. But ever since the Labor Party took office in 1935, what had begun as a humanitarian drive gradually ossified into bureaucratic socialism...