Word: cocoa
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Dates: during 1960-1969
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Maginot Hilton. Ghana used to be known as the Gold Coast, and independence, in 1957, came with a silver lining. With cocoa exports thriving and the beginnings of a modern industrial plant, the country had $560 million in foreign currency reserves, boasted one of Africa's highest per capita incomes. Nkrumah squandered it on such expensive status symbols as an international jet airline, which loses almost twice as much money as it earns, and a $20 million international conference site which includes a bulletproof, bombproof, twelve-story apartment hotel that Accra wags call "the Maginot Hilton." To promote...
Half of Western Samoa's foodstuffs were gone: banana, breadfruit and cocoa trees, all flattened by a 100-m.p.h. hurricane. It was the worst since 1889, when another keening, killing wind sank three American and three German warships in Apia roadstead...
Peanuts & Petroleum. Even before Britain withdrew five years ago, Nigeria had a flourishing trade, exporting peanuts, cotton, palm kernels and cocoa and importing in exchange manufactured goods, foods and tobacco The first native millionaires made their money by competing with the white man for his trade. Among Nigeria's richest businessmen is Alhaji Sanusi Dantata 46, who buys and ships much of the rich Kano region's peanut crop. Dantata's agents last year bought 84,000 tons from small farmers, paid with traditional handfuls of coin counted out in dusty village squares. Sir Odumegwu Ojukwu...
...economic integration of Latin America. (This week in Buenos Aires, the Inter-American Development Bank will launch an economic integration study unit−its first branch office in Latin America.) As for sagging commodity prices, Johnson promised to strengthen the international coffee agreement and seek ways to stabilize the cocoa market. That very afternoon, he added, he would ask Congress to eliminate the 1?-per-lb. sugar-import fee−which would guarantee Latinos another $40 million a year in sugar revenues...
...farmer reflected a curious detachment in the Dominican Republic four months after the abortive revolution. To the people of the country's farms and villages, Santo Domingo might as well be on Mars. What concerned them most was the sorry shape of the sugar, cocoa and coffee markets, the absence of rain, the shortage of food, the need to get pencils and books for the kids returning to school-in short, the same things that concerned them before Santo Domingo erupted...