Word: dollars
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Dates: during 1940-1949
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...lines; they were against rightist regimes in Nicaragua, Honduras, the Dominican Republic, against leftist governments in Cuba, Guatemala, Venezuela. At hand in the U.S. were stacks of surplus guns, and plenty of adventurers, unemployed fighter pilots, aerial gunners and combat infantrymen who would fight at the drop of a dollar...
Organized for Luxury. During the Aquacade period, Billy stopped running for the first time and contemplated his million-dollar money belt. He was a famous showman. His nightclub, the Diamond Horseshoe (started in 1938), was grossing $1,250,000 a year, and ranked with Grant's Tomb and the Staten Island ferry as a Manhattan tourist attraction. Billy says of this period: "The race is over, I told myself. Stop running. You've won. Let 'em stick the wreath around your neck and snap the pictures. go on back to the barn and take it easy...
...Kaiser's proposal, New Hampshire's Senator Styles Bridges cried "unutterable gall." But Kaiser had a case of a sort. The Government, he pointed out, had sold the $200 million Geneva steel mill to U.S. Steel Corp. for 20.9? on the dollar-a loss of $162 million. (The other side of this argument was that Geneva had been auctioned off-and Big Steel got it because no one else wanted to pay the price it offered...
What is worse, much of the cash and gold is not in the hands of those who need it most for trade. The biggest U.S. customers are rapidly exhausting their dollar resources. The $3.75 billion loan to Britain, for example, is being eaten away so much faster than anyone had calculated that it may be spent by early next year...
Frozen Balances. Within six weeks, Britain must meet another financial problem, which will shrink the dollar supply still more. Under the terms of the Anglo-American loan, Britain must make all sterling balances, earned by other nations after July 15, convertible into dollars. More serious by far is the problem of the $13.5 billion in accumulated sterling balances piled up by Britain's creditors. At present, these balances can be spent only in the sterling area. However, the Anglo-American loan agreement provides that any amounts from the accumulated balances which are made available for spending after July...