Word: embargoed
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Dates: during 1960-1969
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...appointment as Assistant Secretary 13 months ago. Johnson has often exclaimed to associates about Mann: "He's great!" With quiet skill Mann helped persuade 19 of the 20 nations of the Organization of American States (Mexico is still holding out) to join the U.S.'s economic trade embargo against Cuba. He also tightened controls over the disbursal of Alliance for Progress funds, helped build up the Inter-American Committee on the Alliance into a forum where Latin Americans can realistically criticize and improve on their own national self-help programs-which are the basis for Alliance financial...
...return to the gold standard. The U.S. Treasury declared that the scheme would produce economic warfare: nations would demand that their foreign debtors pay off fully and immediately in gold-and many countries would not have enough gold to go around. Many nations would then have to embargo gold, raise tariffs, restrict trade. At a recent meeting in Bellagio, Italy, 30 of the world's top 32 international economists opposed a return to the gold standard...
Last week Valencia ordered a 90-day embargo on nearly all imports, hoping to protect the country's depleted dollar reserves. But the ban is more likely to retard industrial expansion and hobble the country's social and economic development. "I am doing all I can," shrugs Valencia. "I am a poor bullfighter with a bad troupe and a very demanding audience...
...pirate attacks from the U.S. and other countries," he cried, "the people of Cuba will feel they have an equal right to help, with all resources available to them, the revolutionary movements in all countries that practice such interference in our country's domestic affairs." The U.S. embargo? Why, the Europeans have made it a mockery. "It is foolish to believe," said Castro, "that the countries of Europe, whose markets the U.S. wants to take away, will go along with this ridiculous proposal...
...Even on the Moon." When to sever relations, and how to police the trade embargo, were left up to each individual nation. It may be months before the four get around to giving Castro's diplomats their walking papers. Chile certainly will do nothing before the September elections; the Mexicans may refuse altogether. Nevertheless, the decisive vote was the first strong, clear action the OAS has ever taken on Cuba, and it is bound to do Castro incalculable harm around the hemisphere...