Word: barter
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Dates: during 1980-1989
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...Eastern Europe's main problems is concealed inflation: too much money chasing too few goods. West Germany's remarkable postwar recovery was based on a brutal currency reform that in 1948, under Allied military government, destroyed all savings and, by restoring the scarcity value of money, ended the barter economy. Eastern Europe suffers from another economic distortion: the incestuous trade patterns that are a legacy of the Stalinist years. Trade under Comecon, the Council for Mutual Economic Assistance, was based on a curious reverse mercantilism: the imperial country (the Soviet Union) supplied energy and raw materials that the colonies...
...resolution endorsing plans to allow Lithuania and Estonia to manage their own economies freely, outside the control of central planners in Moscow. Baltic economists say they intend to develop Western-style market economies similar to those in Scandinavia, based on light industry and agriculture and free to sell or barter with other Soviet republics or foreign countries...
Part two: Barter with terrorists for an exchange of their hostages for yours...
...industry insists has the greatest potential of any land in the U.S. Only two native villages abut this vast park: Arctic Village, on the southern border in the foothills of the Brooks Range, which is home to 100 Gwich'in members of the Athapaskan Indian group; and Kaktovik, on Barter Island, far to the north at the edge of the Beaufort Sea, where 200 Eskimos live. These two villages, divided about the wisdom of oil exploration, are microcosms of two positions in the battle for the future of Alaska...
...politically," says Deputy Mayor Li Baozhong. "It definitely benefits our people, who welcome a market for their goods and need the things we get from the Russians in return." Suifenhe is building a five-story international trade center in its main square to accommodate an expected increase in the barter transactions. With an eye to export, the town brewery puts Russian- language labels on its Seagull crab-apple juice and Polar Bear beer...