Word: barter
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Dates: during 1950-1959
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...Dulles indicated to everyone around the board, neutrals, allies and Communists alike, that the U.S. remains unawed by bold Communist boasts of matching the West in economic competition-in particular in the financing and building of the high dam on the Nile. And if neutrals want to dart and barter between the two, this will be a kind of "fearful risk" that they will have to worry about. They can no longer hope to seize the best of both worlds...
...bale by bale, the U.S. has succeeded in cutting down its embarrassing surplus of farm products by $2.9 billion since 1954 (still leaving more than $8 billion), the White House reported last week to Congress. Of that amount, $1.2 billion in surplus food, tobacco and cotton was either sold, bartered (for precious minerals and other materials), or given outright to the needy during the first six months of 1956. Overall, the U.S. lost money in the disposal, from 1) a $1.3 billion deficit on the actual sales and donations, 2) the exchange of surpluses for foreign currency, most of which...
...three years the Socialist government of neutral Burma has refused to take U.S. aid. It was willing to try barter deals with Iron Curtain nations, only to find that Burma invariably wound up on the losing end. Last week, disillusioned with barters and angered by Russian and Chinese support of Burmese Communists, Burma's new Premier U Ba Swe announced that he hoped to get a long-term low-interest loan of $20 million to $30 million from the U.S. as a business deal "without strings," thus compromising neither Burma's neutrality nor her self-respect...
Cattle for Milking. William the Conqueror welcomed the Jews to England. Trade then was mostly barter, and William felt that the money-handling Jews-would play a much-needed role in the economy of his new kingdom...
Actually, few realistic Britons look for any big, immediate boost in Red trade. Though China was once a big market, trade slumped last year to a bare $22.3 million worth of exports, and the Communists have offered little so far either in barter or cash. When a Red delegation arrived in London in 1954, all it had to trade was benzoated (preserved) egg yolks, leopard skins and human hair while demanding locomotives, steel and heavy vehicles. As for cash, Red China's sterling balance is only some $280 million, a figure which would be quickly liquidated by shipments...