Word: importance
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Dates: during 1940-1949
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...valley where the recession of prehistoric Lake Bonneville to what is now known as the Great Salt Lake deposited natural salts in the land, leaving .4 of i% of salts, more than is permissible for many crops. Nick's experiment simulated Utah soil, but he failed to import Utah climate, which provides for the growth of Utah's huge stalks of crisp, white, stringless sweetheart celery...
...word on Lend-Lease. Harry Truman had long been on record that it would end when hostilities ended; that was the law's language-as official Britain well knew. Well did Britain also know that the machinery for continuing U.S. foreign aid had been set up in the Import-Export Bank (see BUSINESS). Leo Crowley's Foreign Economic Administration was geared to make such loans effective in less than 24 hours...
...Washington's Export-Import Bank had a cashier's cage, foreign nationals would have been queued up there last week. With Lend-Lease ended (see NA TIONAL AFFAIRS), the borrowers were figuratively standing in front of the Export- Import Bank's 64 desks, hat in hand...
Slow Start. This sudden interest in the Export-Import Bank, and the volume of prospective loans, was something new to the Bank. In the eleven years since its creation, it has loaned only $612 million (at a profit of $43 million...
Potent Power. Export-Import is now headed by big, blond Wayne Chatfield Taylor, longtime New Dealer (AAA, Treasury, Commerce) and the man who gave Sewell Avery the heave-ho. In financing world reconstruction, his E.I.B. will assume a major role among Government agencies, for there is at present no other Government source which foreign nations can tap for the credits they must have. Until Bretton Woods' International Bank becomes a fact, E.I.B. loans will be a potent power in world politics and trade...