Word: helpful
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Dates: during 1950-1959
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...1950s, Western Europe and Japan, their economies rebuilt with U.S. help, were briskly competing with the U.S. in foreign markets, even in the U.S. home market. By last year the U.S.'s international transactions were drastically out of balance: the U.S. ran $3.4 billion in the red in its overall international payments. Gold flowed overseas so briskly that the U.S. gold reserve shrank by $2.3 billion, a thumping...
...rest of the free world are interdependent. By fighting for sound money at home, he can encourage freer world trade by keeping the world's reserve currency, the U.S. dollar, dependably stable. By persuading Western Europe to assume a fair share of the foreign-aid burden, he can help to slow the outflow of U.S. gold reserves and thus help to keep the dollar sound...
...What we have to do," says Robert Anderson, "is to maintain a strong and expanding economy, to accept the position of world leadership, and in that role to contribute as significantly as we can to a strong and expanding economy in the free world. Only thus can we help the development of the underdeveloped countries of the world. And that is the great economic challenge of our time...
...after Mathematical Physicist Charles Critchfield, 49, agreed to take over as boss of the Pentagon's Advanced Research Projects Agency (TIME, Nov. 16), he became the target for salvo after salvo of editorial and political criticism. Nobody seemed to doubt that he might be a good man to help straighten out the U.S.'s missile mess, but many were worried over how and by whom he would be paid while on the job. Reason: at Defense Secretary Neil McElroy's urging, Critchfield was to be a "WOC," serve "without compensation" from the U.S. and keep on drawing...
...Every Quarter. One of the townspeople-whom no one really remembered-who set forth to make his fortune in the New World was a Genoese foundling named Leopoldo Pietro Saturno, whom a San Marco farmer and his wife adopted to help with the chores. At 20 he left for the U.S. and settled on an irrigated farm beside Reno's Truckee River. Soon he was able to send back to San Marco for his bride-his village sweetheart, Teresa Tissians. By the time he died in 1919, Leopoldo had raised five children and laid the foundations of a fortune...