Word: bretton
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Dates: during 1950-1959
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They were agreed that the World Bank, born 14 years ago at Bretton Woods, N.H., had played a vital role...
Died. John Anderson, 75, 1st Viscount Waverley of Westdean, stiff-necked first Home Secretary in Winston Churchill's wartime Cabinet, after whom Britons named their tiny, corrugated-iron, backyard air-raid shelters ("Anderson Shelters"), later (1943-45) Chancellor of the Exchequer, who represented Britain at the 1944 Bretton Woods monetary conference; of bronchial pneumonia; in London...
...million in stand-by credits, the fund's liquid resources had been cut by 50% to $1.55 billion in a single year. It was time, suggested Director Jacobsson, to consider hiking the quotas of member nations; those of the charter nations have not been changed since Bretton Woods...
...poultry yard. In its slabsided headquarters in Washington, D.C., it does not even have a vault. Once, when money was left lying around-$30,000 in travel funds-it was promptly stolen by a thief who made a clean getaway. The World Bank was born at the 1944 Bretton Woods Conference,*almost as an afterthought to its sister institution, the International Monetary Fund, set up to deal with the temporary "disequilibrium" in world currency-exchange rates. But the job of equalizing the world's moneys proved too much for the fund (see FOREIGN NEWS). However, with the bank...
Admirals" against the Air Force's B-36 program. Moreover, Truman made all of his major nonmilitary spending commitments, such as British loans, the Marshall Plan, the Bretton Woods agreement, without ever consulting the Budget Bureau...