Word: marked
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Dates: during 1950-1959
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Immediate cause of this coordinated shake-up was a portentous rumor that began to buzz through Europe's chancelleries as 1958 waned. To celebrate the inauguration of the Common Market, so the story ran, West Germany planned to make the Deutsche Mark freely convertible currency-a move that might well transfer the banking capital of Europe from London to Bonn...
Charles H. Percy, already making his young man's mark at Chicago's Bell & Howell Co. (cameras, optical equipment), went on duty in the Navy's purchasing offices, found that the torpedo sight his company was mass-producing for the Navy was useless. His blunt honesty in forcing fast cancellation of the contract so awed company officers that they later made him its president...
...compete freely-as they must within the six-nation Common Market-against those of Germany, Italy and Benelux. Now, in addition to devaluing the franc, France had also to make it convertible-or else face a capital flight away from the franc to the convertible pound or Deutsche Mark. Unlike Britain, whose gold and dollar reserves are at a seven-year high, France is running a $60 million foreign-trade deficit every month...
...since the end of World War II), De Gaulle and his ministers proposed to introduce gradually, between now and 1960, a new "heavy franc," equivalent to 100 present francs and roughly close in value (20?) to two of the world's most respected monetary units-the German Deutsche Mark and the Swiss franc. (Frenchmen, said Pinay, will soon get used to dropping two zeros from all their figures...
...were the world's leaders able to turn to positive ends the explosive desire for change that stalked the earth in 1958. One who did was himself among the world's growing group of soldier-trained leaders. By putting his personal mark on great events and proving once again the fundamental Christian proposition that history is shaped by individuals, not by blind fate or inexorable Marxist laws, France's Charles Andre Joseph Marie de Gaulle, 68, made himself the Man of the Year...