Word: german
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Dates: during 1960-1969
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Ulbricht's economic success rests in part on one of the monstrosities of modern times: the Wall. From 1945 until 1961, when the Communists erected the 28-mile barrier that seals off East Berlin from western parts of the city, 3,600,000 East Germans, including some of the most promising scientists and young workers, fled to the West. The Wall forced those penned behind it to acknowledge that they would be spending the rest of their lives in the East-so why not try to make the best of a bad situation? To encourage the changing mood, Ulbricht...
Prosperity has given the East Germans an overpowering feeling of pride -after all, they were creating a society that seemed to them more just, more German and more morally korrekt than the permissive, cosmopolitan atmosphere of the West. It is also more drab, despite all the new prosperity and the new buildings. Parts of East Germany have an oldfashioned, almost prewar look. Other parts have yet to be rebuilt. Women make up 46.9% of the working force, one of the highest ratios in the world. They are everywhere-directing traffic, working on construction sites and painting buildings...
...photographers and journalists and readied them to cover the battlefronts. Six weeks after he led Israeli tanks into the Arab part of Jerusalem, he brought out Victory, the first book on the war. It sold 150,000 copies in Israel alone, and has since been translated into English, French, German and Spanish. Ben-Ari has gone on to publish a score of titles in the U.S., where his Sabra Books are distributed by Funk & Wagnalls...
According to generally accepted financial theory, this should have been an invitation to disaster. The assumption behind the IMF fixed-exchange rules is that uncertainty about what a major currency is worth from day to day will paralyze world trade and investment. Instead, trading in German money was heavy but orderly, and the mark's price rose 6%, to about 2610. Britain's Exchequer Chancellor Roy Jenkins summed up the situation as "very calm, all very calm...
...pile up enormous trade surpluses to the detriment of the economies and currencies of other nations. As the mark rose, the French franc dipped, then climbed back at week's end. Traders saw new hope that the combination of the recent 12.5% French devaluation and an eventual German revaluation would add up to almost a 20% shift in the official values of the two currencies-making the difference in their formal exchange rates accurately reflect the gap in their real worth. The British pound, which used to sink on any hint of monetary uncertainty, rose last week. Britain...