Word: nationalizing
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Dates: during 1950-1959
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...claims he is the only living person who knows the ''true story" of the tragedy at Mayerling. Emigrating to the U.S., he tried orange growing in Florida, wound up in 1927 as assistant professor in Georgetown's then tiny history department (now one of the nation's largest) and chairman in 1947. Though Kerekes is first a teacher ("Because I can that way make contact with youth"), he has stayed close to the Washington pulse, advised congressional committees on Hungary. In 1956 he founded Georgetown's Ethnic Institute, will continue as director in retirement, trying...
...them, although his own U.S.S. Augusta was twice bombed, demanded and got $2,200,000 indemnity when the Japanese sank (1937) the U.S. gunboat Panay on the Yangtze, later, as a retired (1939) officer, denounced the dropping of atom bombs on Japan as "a diabolic act against a defeated nation"; in Newport...
...which wage increases would be so big that they would force price increases. To prove how serious he felt about the dangers of inflation, Ike last week vetoed a housing bill because he considered it inflationary. His words-and a torrent of warnings from every quarter-had awakened the nation to the perils of new inflation. As it met with labor last week in Manhattan's Roosevelt Hotel, steel management was keenly aware of that peril-and of a second danger that followed directly from it: a growing threat to American steel in world markets from foreign competitors...
Whether the negotiators reached a last-minute settlement or allowed a strike to tie up 90% of U.S. steel production, those facts had already brought about a dramatic and significant change in the climate of U.S. labor relations. For the first time in 23 years, the nation's third most powerful union (after the teamsters and the autoworkers) had run-to its shocked surprise -into a stone wall. After years of giving in to union demands for wage raises, the steel industry this year met labor with a hard new line, refused right up to this week to give...
Bloody Strikes. This shift in imports has come with what seems like lightning speed, especially to a nation that dominated world steel production for so long. Only 34 years after the age of steel was born with the invention of the Bessemer process in England in 1856, the infant U.S. steel industry began to outstrip the other major producing countries. When Banker J. P. Morgan founded U.S. Steel Corp. in 1901 by merging several companies, the U.S. produced 37% of the world's steel-and Big Steel produced the lion's share of the U.S. total from birth...