Word: ended
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Needed Lift. At year's end the U.S. had many more reasons for hope and confidence than at year's beginning under Sputnik's beep-beep. The U.S. was solid on holding Berlin, unifying Germany by free elections, strengthening NATO, defending Formosa and Quemoy, adding to deterrent power, pressing and pressing again the need for more trade and aid. The strong foundation: the health of the U.S. economy and way of life as evidenced in 1958 by recovery from recession at home (confounding a basic Marxist proposition) and by the popularity overseas of U.S. staples that ranged...
...final, psychological effort to increase the prestige of France's wavering currency (which has now been devalued seven times since the end of World War II), De Gaulle and his ministers proposed to introduce gradually, between now and 1960, a new "heavy franc," equivalent to 100 present francs and roughly close in value (20?) to two of the world's most respected monetary units-the German Deutsche Mark and the Swiss franc. (Frenchmen, said Pinay, will soon get used to dropping two zeros from all their figures...
...Outward Sign. Europe's brisk plunge into external convertibility had one important side effect. It spelled the end of a useful eight-year-old system, the European Payments Union. Foreseeing such a day, 17 countries of Western Europe pledged themselves, back in 1955, to settle their foreign-trade accounts through a new organization called the European Monetary Agreement. Unlike E.P.U., it will not automatically extend credits to nations that run a deficit in their inter-European trade. Without the cushion of automatic credits, all Western European nations-and especially France, which ran up a $460 million deficit in E.P.U...
...boasts, he could not solve or begin to solve his country's continuing agricultural crisis. In Red China, faced with his own agricultural crisis, Mao Tsetung launched 1958's most audacious political act, ordering his 650 million subjects into human anthills called "people's communes." But at year's end he was compelled to retreat, not because of popular resentment (which did not bother him), but because his scheme was not working at all well...
...marines and soldiers to Lebanon, it had prevented dramatic deterioration of the international position of the U.S. And it was a U.S. victory of sorts that Gamal Abdel Nasser, who began 1958 by triumphantly merging Egypt and Syria into the United Arab Republic, found himself at year's end at last aware that his Communist ally was a concealed enemy...