Word: bartering
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Dates: during 1950-1959
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Burma was learning the hard way about barter deals with the Communists. Caught with a huge rice surplus and unable to sell enough of it elsewhere (the U.S. is unloading a surplus of its own). Burma sent trade delegates to Iron Curtain countries to barter. They were eager amateurs who knew little about the fine points of trade, could not even speak Russian, and had to settle for whatever exchange goods they could get. Iron Curtain countries had plenty of cement to offer; cement, the delegates figured, would surely come in handy for Burma's projected construction program...
...gallery contract, a monthly payment of $50 to $150 for "first look" rights. Portrait commissions, once the artist's standby, have practically dried up; the art patron willing to finance a painter is as scarce in inflation-ridden France as a gold franc note. Many artists barter their works for art materials, do part-time drudge work painting lead soldiers, washing bottles, painting houses...
Into this situation Soviet Russia plunged boldly by offering to Avunduk to put Turkish business back on its feet by outright gifts and barter loans. The Soviet commercial attaché invited Avunduk and his friends to come to Russia to see for themselves what Russia could do. He also said that Russia was prepared to aid Turkey through private enterprise on a scale far bigger than aid hitherto given to India and Burma...
...trusting cooperation with its allies," said Von Brentano. "It rejects any thought of endangering this infinitely valuable friendship and the support it implies by any hesitancy, inconstancy or lack of frankness. It knows very well that the fate of the German people would be sealed if it tried to barter the confidence and friendship of its allies for the sympathy of the Soviet Union, which has made it plain, at least for the present, that it wants to deny the German people a peaceful future in freedom...
...some Western commentators, among them Walter Lippmann, acted as if Russia was bound, in time, to have its way in West as well as East Germany. The assumption was that once old Konrad Adenauer leaves office, other West Germans would be so keen for reunification that they would barter away their present freedom and prosperity just to be part of a poorer and Communist-dominated Greater Germany. But West Germany's preference for its own way of life is much deeper than one old man's will...