Word: ocean
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Dates: during 1940-1949
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...really important moves to put dollars into the hands of U.S. customers must come from the U.S. itself. One means is the spending of American tourists abroad. The U.S. could also return some of its ocean trade to foreign bottoms, and pay for the service in dollars. Tariffs could be lowered and U.S. businessmen could send capital abroad in the form of foreign investments. But lower tariffs, loans and shipping in. foreign bottoms are all politically unpopular (see NATIONAL AFFAIRS). In the absence of any overall program, most economists guess that the dollar crisis will arrive by year...
View Across an Ocean. In the long run, of course, the U.S. could no more ignore China than it could ignore Europe. But while the U.S. view of Europe had cleared rapidly, as winds from Moscow blew away delusions, the average intelligent American's picture of China was still composed of one part truth, one part pro-Communist propaganda and one part inevitable misunderstanding of a very different way of life. Americans thought something like this: "Chinese Communists are extremists, no doubt, but they have had more provocation than Communists in other countries. Chiang Kai-shek...
...raced up the St. Lawrence River. A few hours later, flying Canadian Pacific's red & white checkered flag, the black-hulled, 10,000-ton cargo liner S.S. Beaverburn steamed into Montreal harbor and tied up at Shed 8. Her skipper, John Bissett Smith, had brought in the first ocean-going ship of the season, and thus officially opened Montreal harbor for 1947 business. For some 125 years, the master of the spring's first overseas ship has been given a gold-headed cane. Skipper Smith...
...many Montrealers are likely to forget that they too are a maritime people no less than those whose homes gird the salt seas," said the Montreal Gazette last week. A thousand miles from the sea, Montreal is at the end of Canada's ocean navigation, and at the portal of 1,200 miles of inland waters. From December to April the port is ice-locked. Yet it handles a third of Canada's commerce, exports more grain than any other port on the North American continent. It is closer to Liverpool than any U.S. seaport, is the nearest...
...Ancient Peru, even during the Tiahuanaco period (about 1,000 A.D., before the start of the Inca Empire), was far more civilized than Polynesia. The Peruvians built large rafts of balsa wood which were probably capable of voyaging as far as the South Seas. The prevailing winds and the ocean currents (both moving from east to west-see map) would help them make the one-way trip...