Word: nationalization
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Dates: during 1940-1949
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...than the enmity or forgiveness of those peoples. So long as large areas of those countries were Communist battlefields, there would be little chance of restoring trade. Japan might (for a while) continue to subsist on U.S. doles, a prostrate ward. But its long-range prospects as a free nation would be hopeless...
This prospect brought no joy to Brazilian diplomats, whose nation has long been the fair-haired hemispheric boy of U.S. military planning. The U.S. had no intention of abandoning so old and strategically located a friend as Brazil. But planners in the Pentagon, thinking in terms of securing the U.S.'s southern flank, figured that Argentina is the most powerful nation in Latin America, and that Washington would do well to be on the good side of its army leaders...
...completely realistic budget. Though "we have stopped the abrupt decline in our exchange reserves," said he, and "our domestic economy has continued to boom . . . the general policy for this year should be to use our surplus [$670 million] to reduce our debt and thereby to fight inflation . . ." The nation should get set for an economic slump, and be ready for an international emergency. "A substantial surplus will help to keep our powder...
...into Abbott's seat to let the Finance Minister have the front-row place of honor next to the P.M. The House was only two-thirds full. M.P.s trickled in as Abbott started to read his 14,000-word speech. As he recited the hard facts of the nation's financial life, his voice got flat and toneless. More & more M.P.s left the chamber for a smoke...
Tunesmith Jimmy McHugh was celebrating his silver anniversary as a Tin Pan Alley success-and all of Tin Pan Alley seemed to be joining in the celebration. Disc jockeys, bandleaders and crooners were steadily plugging the tunes the nation once knew by heart: I'm in the Mood for Love, South American Way, On the Sunny Side of the Street. But, as usual, no one was plugging them harder than rolypoly Jimmy McHugh himself...