Word: cartel
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Dates: during 1940-1949
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...Cartel. The character of the U. S. delegation made it plain that the U.S. viewed the biggest Nazi threat in South America as economic. No U.S. military or naval experts were going. With Secretary Hull went Adolf Berle, Assistant Secretary of State, creator of the cartel plan by which the U. S. would block Nazi pressures on South America...
Whether these men could achieve anything depended on more than Latin-American reaction to the U. S. cartel plan. Jesse Cottrell, Washington correspondent and onetime Minister to Bolivia, flatly declared that they could, gave an imposing list of reasons. Said he: responsible Latin-Americans want to be united in a "stop Hitler" drive. If the U.S. makes as vast a readjustment as is called for by a $5,000,000,000 cartel, the Conference will also provide...
...only alternative to allowing South America to fall into a victorious Hitler's economic lap is to form a hemisphere cartel to even up the bargaining power between the Western Hemisphere and Europe, between the Americas and the totalitarian States. The U. S. would have to foot the bill for such a program, possibly by some sort of AAA. Whether South America will be willing to place her economic future in U. S. hands at the forthcoming Havana Conference is uncertain...
...makers) and Metals Reserve Co. To the former it planned to lend $65,000,000 to buy 150,000 tons of rubber; to the latter $100,000,000 to acquire 75,000 tons of tin and other strategic metals. London reacted promptly to the new demand, the international tin cartel upped its export quota from 100 to 130% of standard (or at the rate of 271,661 tons a year), a new high; the rubber cartel from 80 to 85% (1,131,160 tons a year...
...America had ever doubted that the U. S. was serious in its plan to set up a giant economic union to control All-American exports (TIME, June 24), that doubt disappeared last week. Before leaving for Hyde Park, the President ordered full speed ahead on the All-American economic cartel, the biggest, most urgent "must" on the Administration's schedule. In Washington, the plan was put at the top of the agenda for a Pan-American Conference at Havana, scheduled for June 26. The State Department, acting at "total speed," thither invited the representatives of the 20 Latin American...