Word: importance
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Dates: during 1940-1949
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...peace treaty with her puppet Nanking regime-made known that the U. S. had arranged to make $100,000,000 available to China. Half of this would come from the Treasury's stabilization fund to support Chinese currency ; half would be put up by the Export-Import Bank, against Chinese shipments of wolframite (tungsten ore), antimony, tin, for the U. S. strategic materials stockpile...
...modern contest is fought not merely with military weapons of the old and new types, but with economic explosives as well. Organizational devices-are now directed toward the mobilization of the entire resources of the nation against forces aiming to annihilate or subdue us. Export-import control, systems of barter, blocked currencies, manipulated exchanges and credit instruments are types of the means in question; and these devices in turn rest upon administrative management of men and materials...
...working in occupied France, perhaps in Paris, where he holds a sinecure as director of a museum full of fairy-tale paintings by his teacher, Academician Gustave Moreau. Today a good Rouault costs about $3,500. For the Institute's Rouault show, Director Plaut was unable to import any paintings from Europe, or even to borrow one from the late exhibition at the New York World's Fair. He collected his show from U. S. museums and private owners, including Showman Billy Rose, and Actor Edward G. Robin son, who sent lengthy telegraphic suggestions about the lighting...
...been the fact that since oil began to gush there in 1912 it has become the world's third greatest producer (No. 1 the U. S., No. 2 Russia). Other potentially big resources, such as gold, diamonds, iron have never had much attention. Venezuela pays for its imports mostly with oil royalties, import duties, wages, taxes. Before World War II, about 60% of its oil went to Europe. But today Venezuela sees its oil production slumped 25%, with a resultant drastic shortage of foreign exchange...
...Some Venezuelans favored expropriating the oil wells. To forestall this, the oil companies (chiefly Standard of New Jersey and Royal Dutch Shell) were arranging to throw more business Venezuela's way. Venezuela also might join other South American countries that have asked the U. S. Export-Import Bank for credits. The nation was learning the precariousness of a one-product economy...