Word: eca
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Dates: during 1940-1949
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Stultifying? On the eve of last week's Paris conference ECA's Averell Harriman put the issue thus: "...Success [of the ECA program] would be impossible in a system made up of small, autarchic, uneconomic national trading units, each one dedicated to self-defeating self-sufficiency, each one standing off his neighbor with ingeniously stultifying restrictions...
...representatives of OEEC (Organization for European Economic Cooperation) met in Paris. The engagement was screened by a fog of long technical words and its result was inconclusive. When the meeting ended, however, the advantage lay with Britain's Sir Stafford Cripps. He had skillfully checked a drive by ECA and some continental nations to reduce currency exchange barriers between European nations...
...months justifying the appropriations. To Republican Leader Joseph Martin and Republican Tightwad John Taber, Salesman Hoffman made an urgent, timely appeal. The cuts, warned Hoffman, would embarrass Secretary of State Dean Acheson at the Big Four conference in Paris. Hoffman's proposition: let the cuts stand, but let ECA come back for more at the end of 13½ months instead of the 15 months originally intended...
...When the revised ERP bill hit the House floor, it sailed through 193 to 27. Half of the cut in funds for occupied areas was also restored. It was a compromise designed to keep everybody happy: the House had had its fun, swinging the ax -and, in the end, ECA was probably not hurt badly, just nicked in the neck...
...Next Step. Should the West, too want an economic arrangement? Allied views differed. Some ECAmericans, led by European ECA Chief Averell Harriman, believed East-West trade would bring more benefits to the West (in raw materials, less U.S. aid, loosening of the Russian hold on satellite nations, etc.) than to the East. Others held that a restoration of trade would not pay off unless it was accompanied by an eastward advance of Western ideology. In return for economic benefits Eastern Europe must grant democratic political reforms...