Word: traded
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Dates: during 1940-1949
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Short-Range. The short-range objectives are supposed to establish sane and honest conditions for freer trade in Western Europe as soon as possible, and to prod its industry into more competition and greater efficiency. The U.S. Congress will expect to be shown considerable progress toward these objectives when it considers iQSo's EGA appropriations early next year. The objectives...
...Progressive abolition of quantitive restrictions on Western European trade, i.e., import quotas (the OEEC nations have promised to do away with import quotas on 50% of their private trade...
...party is Ludwig Erhard, Minister of Economics, who in the past two years has helped guide West Germany back to a relatively free economy. Generally considered a man to watch is 48-year-old Karl Arnold, president of Bonn's Bundesrat (Upper House), a hard-hitting Catholic trade-union leader who frequently acts as spokesman for the workers in his native Ruhr. No friend of Adenauer's, whom he considers too conservative, Arnold may some day be his rival for party leadership...
Brewster attacked recent administration trade agreements with China
...economy: in a matter of minutes, U.S. bulldozers smashed the terraced fields which Okinawans had painstakingly laid out for more than a century. Since war's end Okinawans have subsisted on a U.S. dole. Many islanders have no clothes except U.S. Army castoff shirts and dungarees. Okinawans may trade with the outside world only through military government, which means virtually not at all. The result has been a brisk smuggling exchange with Formosa. But even as smugglers, Okinawans are out of luck: they have little to barter except bits & pieces of equipment stolen from U.S. installations...