Word: aid
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Dates: during 1950-1959
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FOLLOWING the course of European economic recovery, FOREIGN NEWS found that Europe is amassing gold and dollars at such a clip that the U.S., to protect its own economic strength, must press other nations to shoulder an increasing share of the burden of aid to underdeveloped countries. Around this basic point developed a definitive story of a momentous shift in the balance between the Old World...
Starting point is the need for other free nations to join the U.S. in foreign aid programs. "No one nation, even with the legendary strength of an Atlas, could long support the world on its shoulders," said he. "The free nations of the world, motivated by both humanitarianism and self-interest, should cooperate voluntarily in a long-range program aimed at helping the presently less-privileged peoples work step by step toward a better life. Every nation should contribute to the common enterprise in whatever...
...this rosy chorus of economic expansion, the one dissonant note struck last week came from Vance Brand, director of the U.S.'s Development Loan Fund. Henceforth, in granting aid to foreign countries, announced Brand, the fund will "place primary emphasis on the financing of goods and services of U.S. origin." From now on, in other words, the Development Loan Fund is going to demand that its aid dollars be spent in the U.S., even if the same products are available more cheaply elsewhere...
Behind the optimism of Europe and the sober bankers' outlook in Washington lay a momentous shift in free world relationships. After 13 years and $40 billion of U.S. aid, Europe has caught up economically. As a result, the U.S. finds that it must do some earnest rethinking of its foreign economic policy...
...bullying and aggression characterized the League of Nations and eventually killed the organization when its impotence and indecision in the face of German, Italian, and Japanese actions became tragically evident. The U.N. began its career with the firm intention of avoiding the League's mistakes, and--with the aid of strong American leadership--responded quickly and effectively to dangerous situations in Korea and the Middle East...