Word: eca
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Dates: during 1940-1949
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...localized news until it squeaks," says the Duchess. "If I can make my Aunt Kate back in Pontiac really understand ECA or the airlift or what they're talking about in Congress, then I've got something that's good for Aunt Kate and makes money for Tufty...
Schlesinger, who spent last summer in Europe as a special assistant to roving ambassador W. Averill Harriman, reported that although ECA is "an extraordinary undertaking in its desire to revitalize European economy," and although it has met with a "heartening degree of response" from the European people, America must make definite commitments to Western Union...
...pointed to the just-reached ECA decision channelling $300,000,000 into the French economy over the next two months as "clear indication of this government's intentions." This "counterpart fund" comprises monies France has been bound to set aside since the start of the Economic Cooperation Administration as an anti-inflation reserve specifically paralleling each American allocation. Ordinarily the reserve would remain untouchable. Schlesinger claims that releasing the funds is officially a non-partisan action aimed at economic health, but that it actually operates in a fundamental way against De Gaulle...
Schlesinger's job as Special Assistant to Harriman involved a tour of eight Continental countries to report on the political situations within each and to "help set in motion an information program for ECA...
These were signs that Europe was getting off relief, and getting to the point where the U.S. could demand considerable selfhelp. ECA aid was coming into a second stage, where immediate food and fuel supplies could be replaced by the machinery and equipment to produce a permanent recovery...