Word: europeanization
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Dates: during 1950-1959
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Into John Foster Dulles' fifth-floor office in the State Department, and onto the Dulles carpet, walked Presidential Disarmament Adviser Harold Stassen. Preceding Stassen was a sheaf of crackling cables from U.S. embassies in Western Europe. Stassen, the complaint ran, had pulled a diplomatic blooper, and the European allies were miffed. The blooper: Stassen, after promising Western partners that he would consult with them before making any specific disarmament proposals to the Russians, had launched into private talks with Russia's disarmament representative, Valerian Zorin (architect of the Russian takeover of Czechoslovakia...
...London. Disarmament, as a subject of debate, appears now a little down out of the clouds and more in the realm of political give and take. And in this atmosphere it will have the best chance to date of proving whatever promise it may have. If Western European governments were edgy about Stassen's private meetings with Zorin, they stood firm and tough in the face of Russian-inspired propaganda on the horrors of the H-bomb. The President of the U.S. was hopeful enough about the disarmament talks to make them a major effort of his Administration...
France and Italy were busy trying to put together governments; Spain wrestled in the dark with the uncertainties of succession; European diplomats lobbed back and forth the frazzled balls of contention; economists murmured about deficits and inflation. All their worries were real, but so is another Europe that thousands of holidaying Americans could plainly see last week-a free Europe that is prospering, its peoples living better and more richly than ever before...
...first in the new buildings his plane passes over, in the well-made goods in the shops, in the excellence of the food he eats. He sees a kind of order prevailing that crisis headlines had not prepared him for; he finds visas no longer necessary at most European borders, and customs inspections cursory. Currency restrictions are all but gone, and he no longer has to seek out the black-market moneychanger to buy his money at a reasonable rate...
...gold standard, raising the value of foreign money. Sosthenes worked his way out of the hole (minus Hernand who died in 1933) by getting foreign subsidiaries to float local bond issues, boosting the parent company's U.S. credit. But no sooner was he solvent again than European upheavals put him right back in trouble...