Word: moscoso
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Dates: during 1960-1969
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...world after Britain and the U.S. in the way the national income is spread among all classes of people. This achievement owes much to Puerto Rico's celebrated Governor Muñoz Marin; it also owes much to a tough-minded young businessman named José Teodoro Moscoso, who was chosen to run Muñoz' Operation Bootstrap in 1942. The choice was a natural: in the ten years after he graduated from the University of Michigan, Ted Moscoso had accomplished much. He entered his family's wholesale drug business, helped build it to thriving good health...
...idea was to get U.S. industry to invest in Puerto Rico, an attitude far removed from the usual reformer's hostility to foreign capital. Moscoso was frankly ready to try anything. "If something doesn't work," he said, "to hell with it." Potential mainland investors got invitations to Puerto Rico, promises of a free hand for free enterprise. The government chipped in by relaxing tax rules, training the workers, sometimes even constructing the factory buildings. By 1961, 680 plants employing 50,700 Puerto Ricans were established on the island...