Word: exportable
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Dates: during 1950-1959
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...McNary-Haugen bill, got through Congress, but was vetoed by Calvin Coolidge in 1927 and again in 1928. The Agricultural Adjustment Acts of the '303 finally began to raise the farmer's position on the U.S. economic ladder During World War II, the farmer raced higher: export markets were virtually un limited, prices were pegged at 90% of parity to stimulate production, and acreage was unrestricted. Finally he had money for electric lights, refrigerators, home freezers, television sets, college tuition and, in many cases, Cadillacs. When farm prices began to slip early last year, the farmer began...
Portent of the future: in the lower house of the Japanese Diet last week, Kazuo Nakai, a government supporter, moved a resolution urging the government to "take appropriate steps to expedite Japan-China trade through relaxation of export bans." In a standing vote, all members present rose quickly to their feet in approval...
...that would fit nicely with his sugar business: he forced a foreign-owned distillery of industrial alcohol, the only one in Egypt, out of business and set up his own. Other postwar Abboud projects: a $7,400,000, 300,000 tons-a-year nitrate fertilizer plant financed by an Export-Import Bank loan, the first in Egypt, and a half interest in the contracting of a $10 million hydroelectric project on the Nile...
...host of Government agencies which have since gone their own ways, including: the Federal National Mortgage Association ("Fannie Mae"); Commodity Credit Corp., through which RFC lent $1.5 billion to farmers during the Depression; the Export-Import Bank; the Rural Electrification Administration...
Japan has recovered even faster because its shipyards came through the war virtually unscathed. They have since produced more than 1,500,000 tons of new bottoms, and made $80 million building 300,000 tons for export. But shipbuilding in Nippon is precarious business: shipping firms, which took heavy losses during the war, must rely on bank loans, which are costly (up to 11% a year); prices are 15 to 20% higher than international levels, and Japan's early advantage of quick delivery no longer applies. Export orders fell from $70 million in 1951 to $10 million last year...