Word: important
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Franklin D. Roosevelt tried to incorporate the expansion of foreign markets into his plans for recovery. A trade agreement program was developed to improve the American position in foreign markets relative to the other powers. The Export-Import Bank was created for loans to foreign countries which usually had to purchase U.S. goods only. The Reconstruction Finance Corporation was authorized to help the foreign operations of domestic corporations...
...second possible cause, he said, was that the government until recently maintained import quotas on crude oil, and the industry feared it would not be allowed to import enough oil to justify building the refineries...
Even though Americans were slow to face up to the import of the slaughters in Vietnam and the deceptions of Watergate, do not be surprised if Americans, especially older ones, are quick to rally around the energy crisis bandwagon. In the 1920s all this country needed was a good five cent cigar. Now, by the same logic, all the country needs is for someone to put a 50 mile an hour speed limit on the pace of life...
...banks had refused to make a similar loan because they feared that the money would really be used to finance the war against Israel. But the Japanese bankers, who are heavily influenced by the Tokyo government, evidently felt that they were in no position to refuse: Japan has to import nearly all its oil, 82% from the Middle East...
...Congress has confirmed Rep. Gerald R. Ford (R-Mich.) as vice president by Thanksgiving, as Democrats and Republicans now predict, this year's White House guests may be interested in something of far graver import than football--the president's resignation...