Word: barter
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Double & Redouble. Like a strong Maotai wine, the new bank notes flooded through China's body. But they only affected a quarter of the population of Free China. The 160 million peasants who had always lived without benefit of currency continued to barter what they had for what they could get. It was the 60 million workers, soldiers, clerks, officials, merchants and intellectuals who felt the impact of unbridled inflation...
...recent trip home.to San Francisco. The League for Service Men rummaged through their closets and bureau drawers, handed the General a 70-lb. package to take back to his post. Last fortnight the League started a campaign whose title made more sensitive San Franciscans shudder ("Buddies' Baubles for Barter"). But the campaign was popular: one week's collection took in 17,000 trinkets totaling half...
...Beveridge plan weighs Britain down so that she cannot maintain her trade, her people will face want, social security or no. They might avoid it if the U.S. continued Lend-Lease aid, thereby in effect assuming the cost of the plan. Or they might avoid it by export subsidies, barter agreements and other devices such as Germany used before the war-thereby colliding head on with U.S. policy, which has been steadily heading toward freer world markets...
...budget, which was made on the expectation that the Burma Road would be kept open, has now been scaled down. When construction work on the Burma Road ceased, millions of dollars had been spent, but millions more will not be spent. Nearly a billion has been saved on the barter agreement with the U.S., since there is now no way to export products. The huge upkeep of Shanghai institutions, such as the courts, has been eliminated and the road-building program has ceased. On the other hand, revenue by land taxation in kind (one of the biggest social experiments...
...scarce starch, gathering only one per cent of the possible yield from corn. An attempt not so long ago to industrialize potato starch was ruined by foreign competition which our neighborly State Department encouraged. Germany, on the other hand, has stocked up with the stuff by barter, and Japan and the Dutch East Indies have plenty...