Word: buying
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Dates: during 1970-1979
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...Shah's oil revenues soared from just over $1 billion a year at the beginning of the decade to $21 billion by the late 1970s. That enabled him to buy nuclear reactors from France and Germany, steel mills from the Soviet Union, telecommunications systems from the U.S. In the mid ' 70s, the growth rate of the Iranian economy shot up to an unbelievable 41% per year. The Shah further set out to build one of the world's foremost military machines, and in the last 20 years of his reign spent a cool $36 billion on arms...
While the Shah's military machine frightened some Arab neighbors, the U.S. looked on it as a bulwark against the spread of Soviet influence in the Middle East, and President Nixon gave the Shah carte blanche to buy all the American weapons he desired...
...talking to each other because every door that we opened was shut by the U.S. We have set forth procedures of how the Shah should be returned to Iran. And when we make our proposals, the next thing we hear is a decision, "We aren't going to buy your oil." The next thing, "We are going to freeze Iranian assets...
...agriculture. Gorbachev, apparently, was not blamed for a disastrous 1979 grain harvest. Largely because of bad weather, Brezhnev announced, this year's crop amounted to only 179 million tons-47 million tons short of the target, and the worst harvest since 1975. The U.S.S.R. has already contracted to buy 25 million tons of American wheat and corn and will probably purchase at least 7 million tons from other countries. Soviet production of oil, natural gas and electric power also fell short of targeted goals in 1979, which Brezhnev aptly described as "a very difficult year...
...fear of strikes every three years when the union contract came up for renewal that led steel customers to buy still more imports to hedge their supplies. But when steel imports rose from a 13.4% share of the domestic market in 1975 to 17.7% in 1977, the Carter Administration imposed minimum or "trigger" prices for imports based on a complex formula. Imports have fallen off to 14% in this year's first nine months, and the trigger price was reduced 1% to $347.55 a ton for the third quarter. But with the yen weakening almost 23% against the dollar...