Word: eca
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Millions of Refugees. Some of the textile mills-brightest feature of the present industrial picture-are humming, but they are wholly dependent on ECA cotton imports. They produce only for the R.O.K. forces, bypassing civilian markets. Even so, they cannot provide all that the South Korean units need; the rest of their clothing is a gift...
...board proposed the creation of a massive Overseas Economic Administration, to absorb ECA and all foreign-aid programs now scattered among 23 U.S. agencies. It proposed the appropriation of $500 million for OEA to spend on aid projects-railways, harbors, irrigation, health, training programs. It also proposed a $200 million U.S. contribution to a $500 million International Development Authority for the construction of public works...
...inspectors would have their hands full convicting the goldbricks and getting the money back. No one was telling on his friends. The politicos could be counted on to look after their own. And most of the "temps" seemed to agree with the worker who said: "The Government is sending ECA money to England-why shouldn't they take care...
During 1950 the U.S. gradually realized that ECA was both successful and inadequate. It made Europe "economically viable" but still defenseless against the Red army and its allies, the Communist Parties of Western Europe. Eisenhower's trip and its American aftermath settled U.S. acceptance of responsibility for leadership of the military defense of Europe...
...ECA aid to Britain would suspend...