Word: europeanization
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Dates: during 1940-1949
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...many bull sessions in marble halls; too many beribboned brass hats; too much religious hate among clergymen; too many economic prophets of doom-that's what keeps the European mess boiling...
...mansion of the De Rothschilds. Last week the men who now govern Europe's finances sat in the same gilt & cream chamber where the De Rothschilds once practiced their financial wizardry.* Delegates from 19 OEEC areas had come to La Muette to work out a new Intra-European Payments plan. After hours of futile argument, Belgium's Paul-Henri Spaak suggested that the meeting adjourn. Britain's Sir Stafford Cripps cut him short with a crisp insistence. "Gentlemen, I have to go back to England tomorrow," he said, "but my plane does not leave until...
Small Inducement. At Paris, his colleagues in the OEEC (Organization for European Economic Cooperation) proposed nothing so drastic as a complete revamping of the Cripps policy. All they wanted was a little greater-but carefully circumscribed-freedom of currency exchange...
...first year of Marshall Plan grants the U.S. had tried to spice its aid with a small inducement to encourage intra-European trade. Some $800 million of the U.S. grants were conditional. To get them, the receiving country had to surrender an equal amount of its own currency to a third nation. Thus Britain, in order to receive ECA dollars, made sterling available to France, enabling France to buy British machinery. Such secondary grants were known as drawing rights...
Love that Dirt. One thing wrong with Americans, in Lewis' view, is that most of them fail to realize what a magnificent future they are building. Tied to petty, European standards of measurement, Americans keep thinking that they are a great nation, instead of "an advance copy" of the "rootless Elysium" that is to come. They worry because their cities are "irresponsible, dirty, corrupt," when in Lewis' opinion such conditions are "like nature," and therefore highly admirable. Americans even suspect their gregarious habits and glad-handedness, when, as Lewis sees it, they should be reveling in their "beautiful...