Word: hoardes
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Dates: during 1940-1949
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...coffin hauled on a cart was a grimacing old man clutching a carton of cigarettes, two cases of laundry soap, some boxes of matches and a roll of cloth. Every block or so the old man climbed out of his coffin to harangue the crowd on the evils of hoarding and speculating. Inscriptions on dancing banners and placards read: "Those who hoard are public enemies," and "Who damages the gold yuan will have his head chopped...
This kind of free-style spending quickly drained Argentina's postwar hoard of $1.2 billion, and IAPI got the blame for the country's financial trouble. But guilty though IAPI is of high-handed, nearsighted policies, of waste and corruption and corner-grocery bookkeeping, Perón can rightly claim that it has done much to lift Argentina from its old colonial economic status. Foreigners no longer own the railroads or the telephones. Foreign "exploiters" operate only under great handicaps. It is in terms of this sort of economic emancipation that the Peronistas defend IAPI and its works...
...must to all nations, the postwar problem of living within its means last week caught up with Mexico. Mexico's postwar hoard of $350 million in gold and foreign exchange had dwindled to $114 million. Furthermore, it was a state secret whether this was usable or whether it included the necessary backing for the nation's currency. Overnight, the peso, which for eight years had been exchangeable at 4.85 to the dollar, was cut adrift. In shops, the prices of imported goods which Mexico could no longer afford were boosted from...
...many such jobs, Lord admits, Argentina will need U.S. help. By lavish spending, Argentina has pretty well used up its once fat foreign exchange hoard. For $5 wheat it now gets mostly I.O.U.s. Even the millions the U.S. is likely to spend in Argentina for ERP foodstuffs will help little, warns Lord, unless Argentina is allowed to buy U.S. machinery with it. "Steel," says he, "is the key to Argentina's program, and they will have...
After dawdling for four weeks, commodity prices turned and headed upward last week. The change in direction was largely due to the deliberate maneuvering of Secretary of Agriculture Clinton P. Anderson, who, especially in an election year, is against falling prices when they strike at the farmer's hoard...