Word: hadly
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Dates: during 1950-1959
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Help for Free Enterprise. A large part of the credit for the growth goes to Prime Minister Menzies' government, which had the great good sense to help private enterprise uncover the riches of the country. A basic move by Menzies' Liberal government was to ensure peace with Australia...
The Race to Invest. Foreign capital for every sort of enterprise has come in since 1954 at the rate of $225 million annually, some 85% of it from Britain and the U.S. Britain is still Australia's biggest partner, but the U.S. is coming up fast. In 1948 the...
One day in February 1955, Sir Ernest Oppenheimer, then board chairman of De Beers Consolidated Mines, Ltd., received shocking news. General Electric Co. had succeeded in making a synthetic diamond. Hastily, the world's diamond king conferred with De Beers' top officials, finally said: "If it must be...
Actually, De Beers turned out the first synthetic diamonds in 1958, but it kept this a secret while it hustled to get a jump on G.E. on patents. It filed provisional patent applications all over the world, including the U.S. where G.E. had no patent. The Defense Department had placed...
When De Beers perfected its process so that it could produce stones in commercial quantities, the company filed final applications in 48 different countries. Two weeks ago, after De Beers had posted its final application in Washington, G.E. broke a five-year silence, broadly outlined how its process works.