Word: homed
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Dates: during 1950-1959
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...school right through the summers, he plowed through the three-year law curriculum in two years, graduated with the highest average in his class. Toward the end of his second year, mindful that jobs were scarce for young lawyers in 1932, he ran for the state legislature from his home district. Elected on graduation day, he took his place among his fellow Democrats in the Texas house of representatives as a gangly country boy of 22. "When he got up and spoke," a former colleague recalls, "things that were vague and misty would become clear. The fellows listened...
...Change. Besides the inherent difficulties of the task, Anderson has to contend with a widespread failure, at home and abroad, to grasp how radically the world economic picture has changed over the years since World War II. Back in the late 1940s, the U.S. was the principal source of the world's manufactured goods, exported far more than it imported. Result: even with U.S. tourists spending millions abroad, U.S. troops stationed around the world, U.S. Marshall Plan dollars pouring into Western Europe to rebuild shattered economies, and Point Four aid flowing to underdeveloped countries...
...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...
...Greatest Challenge. In pushing toward broader aid and freer trade, Anderson is serving, as he sees it, not only the interests of the U.S. but the interests of all the free world. In his global view, his policies at home and his policies abroad are interdependent, just as the U.S. and the 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...
...problems in Africa. As one indication of the new trend in British colonial policy, Prime Minister Macmillan himself drove out to London Airport last week to welcome one of the most outspoken of new African leaders, President Sékou Touré of newly independent Guinea, on his way home after a visit to the U.S. That night Macmillan gave Touré a white-tie state banquet at No. 10 Downing Street...