Word: barter
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Dates: during 1950-1959
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...hand at finding oil in troubled waters, had launched his Italian Middle East Oil Co. in 1938 by buying half a million tons of oil expropriated by Mexico. When Iran expropriated the Anglo-Iranian Oil Co. last year, he got busy again, signed a ten-year agreement to barter Italian manufactures for Iranian...
...Windsor's arrival, Lord Beaverbrook recalled some background on the abdication of the ex-King. When the duke arrived in France in 1936, Beaverbrook recalled, he said, "I always thought I could get away with a morganatic marriage." Obviously, said Beaverbrook, "it had been his intention to barter the threat of abdication against government acknowledgment of the morganatic marriage. The game was played to the end, and the Times and Mr. [Stanley] Baldwin won the last trick...
...costly stop-gap agreement to trade her surplus beef and pork to Britain in exchange for New Zealand meat that she can resell to the U.S. (New Zealand cattle are free of the foot-and-mouth taint.) Canada stands to lose up to $10 million this year on the barter, but it is the only immediate way to clear up the glut of meat on the Canadian market. Domestic meat prices have already sagged, giving consumers a temporary break but signaling trouble ahead for the country's farm economy. Hamburger has dropped in some places from...
TRADE: the Communist world economic conference, in an atmosphere of glistening candelabras, ended in Moscow. The big news was the negotiation by private British traders and the Chinese Communists of a $56 million barter deal-subject to later approval by the British Board of Trade. Britain would exchange textiles, chemicals and metals in return for Chinese coal, tea, soybeans and peanut oil. Talk of textiles was meant to tantalize the depressed cotton towns of Lancashire, but the whole deal rang a little phony. Obviously what mattered to the Chinese was the other 65% of the deal-the chemicals...
...Literature," wrote Max Beerbohm, "has many a solemn masterpiece that one would without a qualm barter for that absurd and riotous one." In society, as in print, Gilbert began to establish himself as a formidable zany. When asked, for instance, if he had "seen a member of this club with one eye called Matthews," Gilbert shot back: "What's his other eye called?" He turned this compulsion for dialogue to the writing of plays, and was already the leading comic writer of the London stage when he was introduced to Sullivan...