Word: clampdowns
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What was needed, said McCabe, was not a lessening of credit controls but a tightening. FRB was already considering a clampdown on charge accounts, bank loans and other inflationary influences...
...writing to the East African government of the clampdown on dollar oil, Britain's Colonial Secretary Arthur Creech Jones had added: "The Americans have, as expected, not gone beyond expressing regret" at the restrictions against dollar oil. That set things popping. Texas' oil-conscious Tom Connally, whose Foreign Relations Committee sits astride Britain's Marshall Plan aid, railed at this "British act of hostility to our economy." Connally bellowed for action...
...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...