Word: importance
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Dates: during 1960-1969
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...some, it seemed as if McCarthy had already given up on Nebraska. But he toughened his approach to the extent of needling Kennedy repeatedly, accusing him of such failings as not knowing from which side to milk a cow (from the animal's right) and voting against meat-import restrictions. But he got little response from the cattlemen...
THERE WILL be a good deal of pressure for an expansion of the SDR's power from the member nations, particularly the underdeveloped nations. Because they must import large quantities of machinery and other producers' goods, they have chronic balance-of-payments difficulties and will demand more and more credit in the form of SDR's. For exactly the same reason they lack large reserves of dollars and particularly of gold. Fearing the operation of Gresham's Law (that the best currency drives out all others as a store of value) with gold being the most highly-prized form...
...junta had raised taxes and import duties, closed down inefficient state plantations, fired the most venal politicians and turned the economy over to professional administrators. His policies brought considerable unemployment...
...free world. Moreover, quotas would mean U.S. repudiation of the 1947 General Agreement on Tariffs and Trade, history's first major code of fair play for international commerce. Backers of liberalized trade compare today's proposed restrictions to the 1930 Smoot-Hawley Tariff Act, which by lifting import duties to record levels prompted reprisals abroad that helped to cut U.S. exports by 66% during the Depression. "The protectionists are peddling medicine more likely to kill than cure," warns William M. Roth, President Johnson's special representative for trade negotiations. "The U.S. would be responsible for initiating...
...that the building trade in his city has been hit hard by the outcome of the June war. No construction work goes on, because nobody feels sure about the future. There is a general regression in trade; one of the problems is that the Arab businessman can no longer import freely from Amman. He is compelled to buy Israeli products at a much higher wholesale price. Therefore prices are up and sales are down...