Word: loans
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Dates: during 1940-1949
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Last week Anglo-U.S. friendship was more strained than at any time since German bombs began falling on London six years ago. Isolationists were licking their chops because, in the British loan debate, practical U.S. efforts toward world cooperation met their severest postwar challenge. The reason: an all-out Zionist campaign to smear Britain...
When Zionists joined the pressure groups urging Congress to kill the loan, it was clear that the Palestine issue had grown out of all perspective. Beyond the violence in Palestine, beyond even the plight of Europe's remaining million and a half Jews, were some past & present facts and some future probabilities which called for calm examination...
WASHINGTON--House passage of the 3,750,000,000 British loan was imperiled today when a group of liberal Democrats bolted the administration's ranks in protest against Britain's colonial and economic policies...
...unexpected defection highlighted the opening round of the house debate on the controversial loan, and it arrayed with the Republican opposition such hitherto-staunch administration supporters as Reps. Adolph Sabath, (D), N.Y., dean of the House, Hugh Delacy, (D), Wash., Emanuel Cellar, (D), N.Y., and Vito Marcantonio...
...exclusive, two-way transaction (at 60? a bushel less than the U.S. price) would shut U.S. wheat out of the British market. This did not matter now, but in years of surplus crops it might cost the U.S. farmer plenty. Furthermore, the State Department warned that the British loan, still awaiting House approval, might lose enough votes from the wheat-producing West to be defeated. Britain bowed; Strachey flew home empty handed...