Word: clampdown
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Dates: during 1948-1948
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...clampdown on meat prices was another move in Premier Robert Schuman's efforts to combat French inflation and revive French industry. First, he had tried a partial return to a free economy, with franc devaluation, open trading in gold and dollars, lifting of many price controls. But when, on Socialist insistence, Schuman had called in 5,000-franc notes, many Frenchmen (especially farmers) had lost confidence in their currency. Prices continued to shoot upward. In a month the cost of onions and potatoes went up 50%, mutton 20%, carrots...