Word: drains
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...recovery of the lands lost to Poland. Wilson did much to soften the traditional anti-German image of the Labor Party, and Erhard was considerably charmed. Britain's new leader returned home with a German promise to buy more British goods to help offset the sterling drain that results from maintenance of the British army on the Rhine...
...fall of 1962, by the spectacular defeat of H. Stuart Hughes in his Senate race against Edward M. Kennedy '54. The President's successful handling of the Cuban crisis further isolated the peace organizations throughout the country. In addition the growing civil rights movement was becoming a severe drain on the funds and enthusiasm of the peace groups, and by the fall of 1963 Tocsin was virtually dead. Last fall, after a year's gap, the Vietnamese crisis seemed to provide a rallying cry once again, and the peace forces regrouped under the banner of the Students for a Democratic...
...observance that began 41 years ago under the direction of a 25-man Centennial Commission established by President Eisenhower. With $100,000 a year to spend, the commission wrote up plans to give historical dignity to a succession of battle anniversaries. But dignity all too often went down the drain. Practically from the outset, Civil War buffs wearing uniforms and carrying old muskets set out to re-enact alt the war's major battles. At Bull Run, in July 1961, 70,000 spectators cheered more than 2,000 men and boys as they replayed the battle, charging across...
...swaps the Treasury has "financed" the balance of payments deficit. Foreign central banks have backed a portion of their currency with dollars (and pounds), just as the Federal Reserve backs our own currency with gold. Last year, as a result, the deficit was 3 bilion dollars, but the gold drain was only 125 million...
When foreign central banks exercise the legal right to cash their dollars in for gold, they drain gold from the United States. This decline in the gold stock causes people to lose confidence in the current rate of exchange. An initial decline in the gold stock, resulting in a loss of confidence, could precipitate a "run" on the dollar, forcing the U.S. to devalue. And because countries back their currencies with dollar and pound reserves, devaluation of these currencies--or even the fear of devaluation--could cause a world-wide crisis...