Word: effectives
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1950
Sort By: most recent first
(reverse)
...Indicated that general wage and price controls would be put into effect. Treasury Secretary John Snyder said they would be necessary "to avoid damaging inflation...
Clague's figures had a further effect: they took the fight out of the steel industry. Steel bowed to the C.I.O.'s Phil Murray and granted his near-million United Steelworkers an average 16?-an-hour wage increase. Steel then promptly raised its prices 5½%. A fifth round in steel, however, should not set off another round for everybody; all basic industries, except steel and John Lewis' coal diggers, had already got a raise since the Korean war began. Before Ewan Clague's cost-of-living index inched up again, there was a good chance...
Another difficulty with the effort to get this "low price" was that the Chinese Communists had, in effect, already rejected it. Even before their victory in Korea, the Chinese Reds had scornfully kicked aside British and other feelers for such a deal...
...North Korea, he tried what he called a "massive compression envelopment" against greatly superior forces. He undoubtedly underestimated the size and the quality of the Chinese troops. Their lack of tanks, artillery and transport looked like fatal weakness to exponents of current U.S. military doctrines. Specifically, MacArthur overestimated the effect of his air power on the Chinese troops...
...army had already been urged by Mao, then one of the Communist Party's lesser figures and often berated by his less realistic comrades as a starry-eyed opportunist dreaming of "romantic Soviet republics in the mountainous wilderness." The Stalin-Mao decision to form an army, was, in effect, an undeclared war on Chiang Kai-shek and the Nationalist regime. Chiang hit back hard, sent his Soviet Russian advisers packing, dispersed the Comintern agents, forced Mao into the "mountainous wilderness" of inland China...