Word: importance
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Dates: during 1940-1949
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...vast food stocks and limited manufactured goods they buy from Canada. (Prairie farmers will supply half the wheat for ERP shipments to Europe.) Last year the Dominion had a deficit of $743 million in its trading accounts in U.S. currency. This year, as a result of the import restrictions, it will be less. ERP, with at least $500 million earmarked for Canada, will wipe out the 1948 deficit...
...called a handful of others, all former Government administrators: Dr. Calvin Hoover, dean of the Graduate School of Duke University; Richard Bissell, professor of economics at M.I.T.; Dr. Edward Mason, professor of economics at Harvard; Wayne Chatfield Taylor, onetime president of the Export-Import Bank. They said they would rally around. That was Wednesday morning. Bellboys were bringing so many telegrams to Hoffman's ninth floor Statler suite, costing Hoffman so many quarter tips, that he finally ordered all wires held at the desk until they could be brought up in bundles...
...Secretaries of Treasury, State, Commerce, the heads of the Federal Reserve System and the Export-Import Bank...
Next day George Marshall answered for the U.S. His Government, he said, would ask World Bank loans for Latin America, and make fresh funds available for new loans from the Export-Import Bank. But the kind of economic development Latin America needed, he said, was simply beyond the U.S. Government's capacity. His suggestion for latinos: invite private capital to help. To show that this need not mean economic bondage, he cited the use the U.S. made of foreign capital in its i gth Century industrialization...
...government recently subscribed $19 million for Itabira. Last week, after a year of heated negotiations, the finishing touches were being put to a new $7,500,000 Export-Import Bank loan. That meant electric shovels, compressed-air drills and crushing plants for the Iron Mountain. It also meant further improvements on the railroad, new facilities at the port. With all that done, say in two years, Itabira hoped to reach its immediate target: a yearly output of 1,500,000 tons...