Word: eca
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Dates: during 1950-1959
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...prevailing American attitude is that any help to Formosa, military or economic (beyond the present ECA program), would be a mistake because it would build up the Nationalist government, again identify the U.S. Government with it, and thereby contribute to the Nationalist return to the mainland so ardently opposed by our State Department...
...contracts with nine major studios and independent producers, ECA promised to sponsor (as an addition to the regular Hollywood supply of six-guns and sin) 72 carefully selected pictures. The Government agreed to guarantee, on each movie, the conversion of shipping and supply costs and up to $25,000 in earnings from blocked Deutsche marks into dollars. Sample ECA-picked films: The Heiress, The Informer, The Hasty Heart, Snow White and the Seven Dwarfs...
Silence. The pamphlet hit the world like a slap in the face. Cried ECA's Paul Hoffman: "Deplorable isolationism! . . ." France's Robert Schuman said with Gallic politeness: "I am surprised." It was, he added, "a brutal decision...
...will open for business July 1. Said ECA's Milton Katz, who carried the ball for the U.S. in the EPU negotiations: "This will help the European family be a family." An OEEC official had an even higher tribute. Referring to Europe's toughest traders, who have so far stayed aloof from most international schemes, he said: "Even the Swiss...
...last, strengthened by blistering notes to the Korean government from Paul Hoffman and Dean Acheson, ECA men started to pick up the pieces of South Korea's economy. They put the government on a balanced budget, increased taxes and restricted commercial loans...