Word: nationalizing
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Dates: during 1950-1959
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...understand men and machines, brought back technical and supervisory proficiency that encouraged and staffed the postwar technological revolution-from TV repair shop to nuclear lab, from farm to Ford Motor Co. They coupled a broadened outlook with a conservative, down-to-earth manner that is reflected in the nation's growing calmness before cold-war threats. Many absorbed a sense of order, organization and responsibility that became the lifeblood of corporations, unions, colleges...
...World War II and Korea transition go so smoothly? One key reason: the veterans found the way home paved with every comeback aid the nation could provide. The G.I. Bill of Rights and related laws offered what one vet calls a "bonus in advance," the most lavish assistance program in history (total Veterans Administration spending since 1946: $72 billion). Most important, the aid was given when and where it could help a man re-enter competitive society. U.S. Employment Service set up a nationwide job hunt. The VA guaranteed $50 billion worth of low-interest loans to help...
Given this go-ahead from the world's top trading nation, other European nations followed suit. In rapid succession, West Germany, Italy, the Scandinavian countries and the Benelux nations all proclaimed their currencies externally convertible. (Denmark, responding to the drama of the occasion, revealed that it was following the British example even before the British treasury set the example...
...free market for 470 or worse, General de Gaulle's government was already faced with one harsh fact: unless the official value of the franc were brought into line with its true value, French products would be too highpriced to 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...
...Government it was a year of holding operations. The economy recovered its health; the vexed question of racial integration lay unsolved beneath the surface, but did not erupt into violence. A nation's youth went hula-hooping its uncomplicated way, and science, medicine and industry explored new breakthroughs. But the stones cast at Richard Nixon in Latin America and the Democratic sweep in the congressional elections made manifest a widespread discontent with U.S. policy, foreign and domestic...