Word: eca
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Dates: during 1940-1949
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...billion for foreign aid (the bulk of it for ECA...
...hearing room of the Capitol, Tennessee's ancient and irascible Senator Kenneth McKellar faced ECA Administrator Paul Hoffman, who had been reported by the morning papers as saying he would resign if the Senate cut any more of the $3.5 billion which the House had allotted ECA for 1950. Said McKellar, chairman of the Appropriations Committee: "Other than giving away other people's money, I wonder what you are doing in Europe ... I think it would be the best thing for the people of the U.S. and Europe if you did resign . . . Why you sent a lobbyist...
...From ECA's very beginning this proposition had been recognized-in theory. But in its first year, ECA, faced with an emergency, tended to the opposite direction. ECA sometimes stimulated fast production in a way that worked against future European economic unity and overall efficiency. Example: before the war, The Netherlands made heavy purchases from Belgium's big railway equipment industry. Today, the Belgians do not want to trade with The Netherlands because the Dutch can pay them only guilders, not now convertible to dollars. Like everyone else in Europe, the Belgians want dollars...
...government overseas. He is Lincoin Gordon '33, professor of Government and Administration at the Business School. Gordon, who has spent almost two years working out details of ERP, will fly to Paris to begin a year's assignment as head of the program division in the European headquarters of ECA...
From July, 1947 to the spring of 1948 Gordon was "almost full time" consultant with the State Department, working on ERP. In August, 1948, he was special assistant to Ambassador Harriman in Paris ECA headquarters...