Word: leveler
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Dates: during 1960-1969
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...debts between nations. Thus out of their hastily called weekend meeting was born a two-tier pricing system for gold. For central-bank exchanges of gold and dollars, the familiar $35-per-oz. price continues. For speculators, hoarders and industrial users, the price was freed to find its own level in the world's marketplaces...
...rush in history. Almost all of the demand fell upon the London gold pool, through which the central banks of the U.S., Britain, West Germany, Switzerland, Italy, Belgium and The Netherlands had for 6½years maintained the free-market price of bullion at its $35-per-oz. monetary level. Between Britain's Nov. 18 devaluation and March 15, when the London market was closed at the U.S.'s request, the buying stampede drained the pool of some $2.5 billion of gold - nearly 2½times the amount mined in California during the 25 years from the gold...
...Social Relations Faculty this week approved curriculum changes which will allow honors concentrators to substitute one full graduate-level course for a thesis...
...alternative honors program requires eight full courses--six or seven were formerly required of all concentrators--which include two semesters of junior tutorial and one full graduate-level course. These students must also take an oral general exam in the spring of their senior year but need not write a thesis...
...found many students very good academically who wanted to explore a more advanced level of courses," Head Tutor Samuel F. Sampson said yesterday. "It might not be educationally best for them to write a thesis," he continued...