Word: eca
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Dates: during 1940-1949
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...Economic Cooperation), boyish, 37-year-old Robert Marjolin is in the first rank of a new group of civil servants, whose master is not a state but the idea of international cooperation. Last week he arrived in Washington with 18 French, British, Dutch, Belgian and Austrian aides to help ECA put its case to the 81st Congress, from which the Marshall Planners want $4.5 billion for the next year...
Foreign Aid. $6.7 billion, chiefly for ECA and to support the Army's relief program in occupied areas. China aid was cut from $350 million to $49 million. The President warned that additional funds would be required under the proposed North Atlantic Alliance...
Tenacious William C. Bullitt, Franklin Roosevelt's onetime ambassador to Moscow and Paris, had been sent to China by a congressional committee to check on U.S. aid to China. He applauded ECA's China mission, headed by San Francisco's ex-Mayor Roger Lapham, "for the excellent work it has done." But Bullitt was firmly convinced that U.S. economic and military aid would delay, but not prevent further Communist advances...
...businessmen of good will-such as International Harvester's Fowler McCormick-who had cut prices in hopes of starting a healthy downtrend all around, had to change course; they put prices up again. The hope had been that the U.S. would be able to add the burdens of ECA and rearmament without more inflation; that they would merely take up the slack in the economy as it developed...
...household gods that traders once swore by. Ever since it had collapsed in fear of a recession in 1946, the market had been seesawing, trying to make up its mind whether the boom had really come to stay. Looking at some of the props under the boom-plant expansion, ECA and rearmament orders-investors celebrated the tax cut by finally placing their bets...