Word: pact
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Dates: during 1930-1939
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Comrade Gourevitch had just one answer to everything the Big Four asked Russia to do: "Why should we?" The Big Four insisted that the Soviet Union, which did not sign the World Wheat Pact clause to raise prices by limiting exports next year (TIME, Sept. 4), must accept and abide by a reasonable quota. The Pact was signed on the assumption that Russia could not possibly export more than 50,000,000 bu. The signatories limited themselves as follows: Canada 200,000,000 bu.; Australia 110,000,000; Argentina 105,000,000; U. S. 45,000,000, the Danube countries...
...delegates, frail, pallid Ambassador to the Court of St. James's Robert W. Bingham and smart, sharp-nosed John Van Antwerp MacMurray, newly appointed Minister to Latvia, Estonia & Lithuania, promptly tried to save the Wheat Pact by proposing to offer Russia a quota 8,000,000 bu. greater than her hypothetical allotment...
...Soviet Government was doing everything in its power last week to show that it meant no harm to any other nation. In Rome a non-aggression pact with Italy was signed. A guest in the still magnificent English Gothic Morosov Palace (now the Foreign Office guest residence) and there plied with champagne and caviar blini was bulky, friendly Edouard Herriot of France. Holding no government post, Citizen Herriot smiled a great deal and said nothing. All Moscow was convinced that new Franco- Russian trade agreements were brewing, felt that the old problem of the 20 billion...
...international price of wheat reaches 63.08 gold cents a bushel (89?Roosevelt) and stays there for four months. They also promised not to take any further government measures (subsidies, bonuses) to increase domestic production. The Conference decided to set up an advisory committee of sleuths to see that the pact is lived up to in the separate countries...
...York Times went further, hailed the wheat pact as the beginning of the end of expensive economic nationalism: "Some day it [the wheat conference] may even be looked back upon as a turning point, marking a change of heart in post-War Europe...