Word: africanizing
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Dates: during 1960-1969
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Many base their thinking about Rhodesia on their own experience with American Negroes. However there's a big difference between the American Negro and his Rhodesian cousin. First, America is the wealthiest nation in the world. Consequently the American Negro is better off than his African counterpart both educationally and financially. Second, the American Negro speaks English, while Rhodesian Africans learn English only as a second language. A language barrier makes the integration of the two races more difficult...
Nonetheless, the Chinese made some sales. Visitors were impressed by low-cost, simple-to-operate lathes, printing presses and weaving looms, and representatives of African and Asian nations placed substantial orders. Japanese businessmen were the biggest buyers, ordered $10 million worth of pig iron and iron ore and large quantities of soybeans and maize. Typically, though, they took home more money than they left behind, made deals to sell the Red Chinese $100 million worth of steel plate, stainless-steel tubing and heavy truck axles. In Peking this week, France will take its turn at supplying Red China...
Rhodesia is already feeling the first effects of the economic siege. To compensate for the import duties that it will lose, the government last week sharply raised taxes on domestic beer, whisky and tobacco. South African banks, on which the Rhodesians had counted as allies, temporarily stopped trading in Rhodesian pounds because of the uncertainty. The United Nations, which has never imposed economic sanctions on any nation last week recommended an oil embargo on Rhodesia and the U.S. announced it will not accept Rhodesian sugar...
...Underseller Undersold. The industry's troubles began with widespread restrictions by other countries against importing the cheap "dollar blouses" with which Japan flooded world markets in the 1950s. The reaction is still strong. This year, sweeping import barriers set up by Japan's major African customers (Nigeria, Tanzania, Kenya and Uganda) will contribute substantially to an estimated 5% decline in the country's cotton exports. On top of this, Japan is losing ground in traditional markets simply because spinners in other countries have been quicker to modernize, and thus to undersell the Japanese...
Died. Lansdell K. Christie, 61, founder and president of Liberia Mining Co., the West African country's first modern iron-ore mine (3,000,000 tons in 1964), who discovered Liberia's mineral potential during World War II while serving as an officer in the U.S. Army Engineers, in 1946 began developing the deposits with early financing from Republic Steel, making himself such a fortune that in 1960 he was able to help bankroll Liberia's big Mano River iron-ore project with an interest-free loan of $1,700,000; after a short illness; in Syosset...