Word: copperizing
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...developing nations' products, mainly raw materials, slumped. As a consequence, between 1980 and today, world commodity prices, excluding oil, have fallen by 35% to the lowest real levels in three decades. Sugar, a principal Brazilian export, dropped from $495 to $120 per ton; Zambia's copper price plunged from 950 per Ib. to 690. Tanzania's President Julius Nyerere put it plainly: to buy a seven-ton truck in 1981, his country had to produce four times as much cotton, or three times as much coffee, or ten tunes as much tobacco, as it took to purchase...
...always so gloomy. In the early 1970s, after nearly a decade of civil strife, the former Belgian Congo had achieved a measure of political stability under the dictatorship of President Mobutu Sese Seko. More important, the country was recognized as a treasure trove of gold, diamonds, oil, copper and cobalt. Banks rushed to extend credit. They were to rue the day. Notes one foreign banker in Kinshasa: "We did not do our sums properly...
...country because it borrowed to stay afloat as sales plummeted, teetered throughout the year on the brink of outright collapse, surviving on credits from reluctant bankers and suppliers. Hardest hit of all in the downturn were the nation's producers of basic metals such as steel and copper. As demand for metals lurched lower and layoffs swelled, the once pulsing industrial belt that stretches from Illinois across to western New England took on the grim, ground-down demeanor of a half-century earlier, acquiring the glumly descriptive epithet of Rust Bowl. By December, the nation's steelmakers were...
...have purchased the highly useful color photographs, sometimes of each other's territory. The U.S. has also helped set up Landsat receiving stations in a number of countries so that they can receive the satellite data directly. In Pakistan, Landsat imagery has led to the development of new copper deposits. In the Middle East and Africa, the pictures give advance warning of locusts...
...would join along on the official tour and know the end of almost every sentence before the interchangeably well-groomed Swedish, Ghanan, or Berundi tour guide completed the thought. The land on which the U.N. now stands was given by the Rockefellers, I would say to myself. The copper peace bell in the garden is made of the melted down pennies given by children all over the world, I'd mumble half-aloud. I would always know just where in the gift shop to find the colorful flags-of-all-nations combination paperweight and pencil holders...