Word: monnet
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Dates: during 1950-1959
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...Latin America, Africa, the Middle East, and TIME'S domestic bureaus, they added up to a year in which free-enterprise capitalism was on the march throughout the world-a thrusting, competitive capitalism that poses challenging questions for the U.S. in the 19603. As France's Jean Monnet, sparkplug of European economic unification, said near the end of 1959: "There is now a new force in world economic relations. The U.S. helped the free world, and the free world has recovered economically. Now we must all work together to make sure that economic expansion continues...
...commissioners would be top-drawer private bankers-for the U.S., perhaps Chase Manhattan Bank's John J. McCloy or Detroit Bank & Trust Co.'s Joseph M. Dodge; for Britain, Sir Oliver Franks; for West Germany, Chancellor Adenauer's influential banker friend, Hermann Abs. Perhaps Jean Monnet would be added from France, and Escott Reid from Canada. In time, Japan might also be asked to chip in. The idea would be to commit combined large-scale capital investment to those economies, under control of an international authority independent of the donor countries...
...geologists, inimitable investigator of the inanimate, he is the spiritual descendant of the classical giant Antaeus, who was never so strong as when his feet stood on terra firma." Mason W. Gross, newly elected president, Rutgers University LL.D. Clark Kerr, newly elected president,' University of California LL.D. Jean Monnet, French economist and statesman LL.D. Citation: "Fearless crusader against economic chaos, he has spent 40 fruitful years in the quest for order and equability among the free nations of Europe...
...raised the banner of European unity in the years just after World War II had no such subtle process in mind. Pointing to the gutted cities of the Continent as testimony to the folly of unrestrained nationalism, they demanded political unification. Sparkplugged by France's Jean Monnet, the intense, brilliant economist who heads the Action Committee for a United States of Europe, they planned to construct united Europe through a series of economic, political and military bodies, each of which would possess supranational powers in a limited field...
Besides, the original dream is not dead; it is only seen to be more evolutionary, just as the German nation ultimately emerged out of the North German customs union. And even such an ardent supranationalist as Monnet is now inclined to believe that a European federation, if it comes, will spring from a gradual change in the habits, tastes and prejudices of Europe's peoples. It no longer takes the huffing of a Stalin or the threats of a Khrushchev to make Western Europeans unite naturally...