Word: barter
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Dates: during 1930-1939
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When President German Busch carved Bolivia into a totalitarian state three weeks ago, he announced proudly that it was his own doing, that Rome and Berlin had not helped. Last week Bolivia announced a barter agreement with Germany. For German machinery, a 350-mile pipeline across the Gran Chaco, and an oil refinery in Paraguay, Bolivia planned to ship some $15,000,000 of goods, principally petroleum, to oil-hungry Nazis. The man who made the announcement was not mournful Dictator Busch, but his tough, roving-eyed sidekick and Minister of Mines and Petroleum, Dionisio Foianini...
...Malay Peninsula, in The Netherlands and Great Britain, but the small smelters of the U. S. refine only a minute proportion, and Bolivian tin reaches the U. S. after a trip to Britain. Facing a possible war shortage, Bolivian tin has figured largely in recent proposals to barter surplus U. S. commodities for war materials...
...Secretary of State Hull came out in favor of Government-subsidized barter trade by the U. S., to whip the Dictators at their own economic game. Joseph P. Kennedy, Ambassador to Britain, received mention for barterer-in-chief...
...Secretary of Agriculture Wallace found a new scapegoat for his agricultural troubles. He blamed the Dictators' barter methods for the failure of Secretary Hull's reciprocal trade treaties to win markets for U. S. farm products...
...Hjalmar Schacht, German master of ledgerdemain, ousted from the Reichsbank presidency in January to make way for Nazi inflationists, embarked on a world-circling vacation trip. Last week he arrived in Bombay, India, tush-tushed reports that he had come to barter for Indian cotton. Surprisingly unsanguine, he said of Britain's stop-Hitler alliances: "We will do our best when the time comes. . . . We will give them a good fight...