Word: ironized
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Dates: during 1940-1949
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...prospect of opening up the north land had long been tempting. Twice in the '20s and early '30s get-rich-quick speculators started rushes to neighboring Labrador in a fools' search for gold. Then, along the border between Ungava and Labrador, more serious prospectors uncovered an iron belt which looked like one of the biggest in the world...
...company flew in diamond drills and other equipment at a cost of 73? a pound for shipping, spent $10 million just prospecting. Last May its chief geologist, Dr. J. A. Retty, cautiously reported progress: nine finds of high-grade iron ore bodies in Labrador, 15 in Ungava. Said the trade journal Northern Miner: "The most important iron ore discovery in America since the finding of the Mesabi range...
Industrial reconstruction is even farther behind. Last week U.S. reporters visited Minsk and saw there a sample of how things were. The new power plant could supply more current than Minsk used before the war. But few Minsk streets are lighted: enough iron for lamp posts, wire for circuits and bulbs for lighting are not to be had. Even public buildings are dark. Though Minsk has power to burn, factories that might consume it cannot get building materials, transport or machines...
Captain Eddie Rickenbacker, who has seldom shunned the spectacular, made an ear-jarring proposal last week. He suggested dropping an atomic bomb to crack the more than 1,800-ft.-thick Antarctic polar icecap. Thus, the U.S. might gain access to the copper, iron, gold, coal and other minerals reported hidden below...
...Nationalization of coal, civil aviation, overseas cable and radiotelegraph services, inland transport. The nationalization of iron and steel was still under consideration, but it looked a likely starter...