Word: ores
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Dates: during 1940-1949
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...Sayre unctuously, was not intended. He wanted "a minimum of dislocation" of normal business. The Japanese, no fools, had anticipated plenty of "dislocation"; in April and May they had bought everything in the Philippines that wasn't nailed down, including $353,600 worth of iron ore. They knew that licensing meant slow strangulation: the application of licensing to U.S.-Japanese trade had brought exports to Japan down from $62,900,000 in the first quarter of 1940 to $32,800,000 in the first quarter...
Simon Patiño, the world's richest Bolivian, returned to Manhattan from Panama last week at a critical moment in U.S.-Bolivian relations. U.S. industry badly needs Bolivian tungsten, in which Patiño has an interest, and Bolivian tin ore, over half of which he controls. Last week the U.S. arranged to get the tungsten, but it is still not getting the tin ore...
Considered as a step toward hemispheric self-sufficiency, the rest of the tin deal was the rest of a fiasco. Patiño's companies are interlocked with the British-Dutch cartel, and he controls a smelter in Liverpool. His ore has always been smelted there, crossing the Atlantic twice before it gets to the U.S. After prolonged negotiations, Jesse Jones contracted with a Dutch firm to smelt Bolivian ore in Texas-with a Dutch East Indian ore admixture, which keeps U.S. tin technology tied to the Far East. To feed the Texas smelter he secured less than half...
Recently Indo-China has had an export balance in trade with Japan of as high as 13-to-1. The new treaty seemed likely to increase Japan's annual imports from 26,000,000 yen (1939) to 70,000,000 yen (including coal, corn, iron ore, zinc, tin ore, in return for which Japan would sell textiles, porcelain, manufactured goods). In addition, Japan will be allowed to defer payments for one year on the large supplies of rice she expects to buy. Rubber, which Japan sorely needs, was not specifically mentioned-neither was it specifically excluded...
Potential. Yugoslavia is the most important copper-producing country in Europe, and also mines bauxite (aluminum ore)-but Germany was getting these things from the Yugoslavs beforehand. Greece has not much to offer the Nazis but tobacco and trouble. The two countries, therefore, did not add much materially to the Nazi war potential. In fact, disruption of communications, the destruction of buildings, all the dislocations of war, would temporarily hurt it a little. On the other hand, losing the countries would not hurt Britain's supplies...