Word: expanded
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Dates: during 1940-1949
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...request, from a nation which has never had much foreign trade, for a long-term credit bigger than the U.S. budget was in any peacetime year before 1935, a loan in which the U.S. would risk a bigger sum to expand foreign trade with a single country than the New Deal ever put out in one year to prime the pump at home...
...Russia's total production, would not even begin to pay the service charges on a $7 billion loan. But those were Russia's exports during the period when she was building her industrial plant from scratch. Over a 30-year period, Russian exports could undoubtedly expand. Best guess in Washington for Russian exports to all countries in the first five postwar years: half a billion yearly. The U.S., which never took 5% of Russian exports, might in future get as much as 40%, or $200 million worth of coal, metal, oil, wood products (particularly pulp), etc. But this...
Unquestionably, there are chances to expand the $200 million figure through Russian exports to other nations which, in turn, would export to the U.S. But the amount of U.S. steel, machine tools, electrical and transportation equipment, etc. that Russia can pay for by direct and indirect exports to the U.S. seemed hardly likely to exceed $1 billion a year...
...West Pointer Wood has long dreamed of chancing the Mexican market, but risks have always tempered his enthusiasm. They still do. Said Bob Wood last week: "Hell, this is strictly . . . a gamble . . . [but] we're hoping it will be a success and then we can go on and expand in Latin America...
...much higher in 1945. This fact came out last week when War Food Administrator Marvin Jones bravely marched up Capitol Hill to ask the Senate Banking and Currency Committee to: 1) extend the life of the Commodity Credit Corp., which expires June 30, for two more years; 2) expand CCC's borrowing power from $3 billion to $5 billion...