Word: bolivar
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Toppling Empires. Imperialism's first great setback is easily pinpointed. It happened near Concord, Mass, one spring day in 1775. The American Revolution served notice that independence can be not only a faith but a fact. The faith spread like quicksilver-to Latin America, where Bolivar ousted the Spaniards, and the Portuguese beat a retreat; to Europe itself, where it mingled with British liberalism and the surge of the French Revolution (1789) to stir Poles, Czechs and Hungarians into clamor for nationhood. Imperialism in Europe faltered; it went down to defeat in the carnage of major...
...Standard-Vacuum Refining Co.; the Ralph M. Parsons Co. of Los Angeles has five projects abuilding in Japan, three in India, three more in Turkey and Iran, others in Sweden, England, Canada, Alaska, Hawaii and Colombia. San Francisco's Bechtel Corp. has been in Venezuela building the Cerro Bolivar iron-ore development (TIME, June 1) for U.S. Steel, is now on the other side of the world building a 100,000-bbl.-a-day oil refinery in Aden for the Anglo-Iranian...
Appeal to Bolivar. Guatemala's Foreign Minister Guillermo Toriello, showing no such restraint, delivered a fiery counterattack, directly naming the U.S., and made the biggest oratorical hit of the week with conference delegates. Rhetorically demanding: "What is international Communism?" he lashed out at "imperialism" and "foreign monopolies," then called the U.S. program "only a pretext to intervene in our internal affairs." Toriello went on to recall "the Big Stick, the tarnished 'dollar diplomacy' and the landing of the U.S. Marines in Latin American ports" that marked U.S.-Latin American relations in the old days before nonintervention became...
...null mountain of ore was discovered seven years ago in a worldwide iron search by U.S. Steel Corp. Since then, Orinoco Mining Co., U.S. Steel's Venezuelan subsidiary, has been working on the problems of how to get the stuff out of such a remote, tropical place. Cerro Bolivar ore coats the top of the mountain like a turtle shell. It is brought down in 93-car trains which have to be eased cautiously down a 3% grade for nine miles under smoking brakes. Against the chance that the brakes might fail, special sidetracks were built to switch...
...Steel has spent $175 million developing Cerro Bolivar. Whole towns were built: Ciudad Piar at the mountain, Puerto Ordaz on the river. But now the payoff starts. The rich hematite and limonite (eventually 10 million tons a year) will feed the $400 million Fairless Works at Morrisville, Pa.-where the first ore will arrive next week...