Word: exportations
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Dates: during 1940-1949
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Repayment: Dollars would be supplied as outright grants or as loans (through funds supplied to the Export-Import Bank) according to each nation's ability to repay. One possible asset for the U.S.: a chance to get and stockpile such critical raw materials as tin, natural rubber, industrial diamonds, quinine, manganese, chromium, copper, lead, zinc...
...interim aid bill a $20 million appropriation for China, as "a gesture to show Chiang Kai-shek's Nationalist government that we are interested," settled for $18 million in the final version (see The Congress). The State Department had already admitted that the U.S. is prepared to grant export licenses to China for U.S.-made arms and ammunition.*For almost-forgotten China, it was not much. But it was a start...
...Communist bite at the Marshall Plan. No, in the long run it could not help Italy. Why? He said that he here agreed with classic liberal economics: it would make the country a charity case, dependent on American aid, and sluggish in developing its own healthy economic character. Italian export industries, he argued, should be filling old German markets in eastern Europe-"countries which are thirsting for our goods." "But," he charged: "America prefers to keep those markets sealed up for the industry of western Germany that you can control directly. ... If we had been in power in Italy during...
Total British exports were up 20% over the 1938 average. Steel production, at an annual rate of 14,174,000 tons, was higher than in any previous November on record. A Nottinghamshire shawl-making firm using century-old handlooms had increased its export production by 150%. "We just decided to work longer hours to make more shawls," explained 76-year-old ex-Miner Johnny Lester. And thanks to the efforts of others like Johnny, national production of cotton and rayon yarns has risen higher (17,940,000 pounds in one week) than at any time since...
Under the agreement, Chile would ship coal, iron and copper to Argentina. But, said other critics, after the new steel plant at Concepción is completed in 1949, Chile will have no coal to export, may even have to import coal from the U.S. to keep going. In the end, they were sure Argentina would get a stranglehold on Chile's economy...