Word: africanization
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Dates: during 1960-1969
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...people sipping beer in a Long Island bar on a hot afternoon last week. Like them, he was relaxing from work, but his line of business was perhaps slightly more demanding than theirs. McGuire had just returned from two months of flying arms and food into the beleaguered African state of Biafra...
...hijacked and flown to Madrid; a second was impounded when it made a forced landing on Malta (when its flight plan said it was going to New York). A third crashed in the jungle killing all aboard, and a fourth was blown up in Bisau, reportedly by a South African who is now in his native country enjoying a $100,000 reward from Nigeria...
...problem this time was South African gold-an estimated $1 billion worth of newly mined metal that has piled up in 400-oz. bars in a refinery near Johannesburg. That cache has been accumulating since March 17, when the bankers stopped the speculative run on gold by creating today's two-price system. Under that arrangement, the historic $35-per-oz. price continues for official transactions among nations; for speculators, hoarders and industrial users, the price was freed to find its own level in the marketplace. To make the system work, the central banks agreed to buy no newly...
...gold stocks would be lowered if the free-market price should slip below the official price. The larger South Africa's gold pile grows, the more nervous the bankers get, fearful that the great golden overhang might somehow cause the free-market price to collapse. Some see South African sales to the IMF as a clever way to let European countries increase their own gold reserves without violating the March agreements. Such countries would simply swap their own currencies for IMF gold...
...school upheaval started when blacks at Dorchester's English High School demanded permission to form an all black Afro-American Club and to wear African dashikis instead of the customary coats and ties. English's headmaster granted the dress request, but the School Department refused to allow the blacks to form their own club. The blacks walked out, and were joined by white students protesting the coat and tie rule...