Word: brazil
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Dates: during 1950-1959
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...Brazil's Senate voted final approval, 40 to 8, of the Bilateral Military Assistance pact. Brazil agreed to supply strategic materials to the U.S.; in return, the U.S. will provide Brazil with technical military assistance and training equipment. The pact, similar to others signed with Chile, Cuba, Peru, Ecuador, Colombia, Uruguay and the Dominican Republic, had long been blocked and bitterly attacked by Communists and extreme nationalists as a slur on Brazil's "sovereignty." To preside over the joint Brazilian-U.S. military commission, President Vargas appointed Brigadier Eduardo Gomes, his 1950 election opponent...
...Washington, a Bank of Brazil agent signed the $300 million U.S. loan granted by decision of President Eisenhower just before Brazil partially devalued "its currency last February. As finally negotiated, the loan is to be guaranteed jointly by the bank and the Brazilian Treasury, and will be repaid in monthly installments over a three-year period. For U.S. exporters, who have had to wait up to nine months for payments during Brazil's dollar crisis, the government's promise to pay off the entire $423 million backlog by July i-and to carry on thereafter...
Quite overcome, Brazil's Joao Carlos Muniz cried that he foresaw a possible "turning point in history." Andrei Vishinsky, who had arrived in October accusing the U.S. of "bluster and blackmail," now announced that "the rays of sunshine are visible through the clouds." Everybody was at least grateful for Vishinsky's present politeness, however temporary...
Among the 20 republics, Mexico was the best customer, buying two-thirds of a billion dollars' worth of U.S. goods. Other big buyers: Brazil ($564 million), Cuba ($516 million), Venezuela ($500 million). Brazil led the suppliers, sending $808 million, mostly in coffee. Runners-up: Cuba ($438 million, mostly sugar), Mexico ($411 million, mostly lead and zinc), Venezuela ($396 million, mostly...
Some future good business for the Good Traders of Latin America shaped up : ¶ The Ford Motor Co. opened a $10 million assembly plant in Sao Paulo, Brazil, which renamed one of its streets Avenida Henry Ford...