Word: papered
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Dates: during 1940-1949
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Last spring, Western Germany's economy was smothered by masses of inflated marks in which no one had any confidence and which bought almost nothing. No one felt like working, or selling, for piles of nearly valueless paper money. In one drastic piece of surgery, Bizonia's economic authorities called in all the old currency, issued only one new mark for ten of the old. Along with this severe bloodletting, the patient was given his economic freedom: all price ceilings were lifted, except for basic foods, coal, iron and steel...
...government published a White Paper describing Britain's export-import program for 1948-49; it left no one breathless. Its figures showed, however, that the British people and the U.S. dollars they were getting under the Marshall Plan had been working hard and to good effect. Production in all key sectors of the nation's economy was substantially higher than in 1947. Agriculture, in spite of bad weather, was up 25% above the prewar level; industry was up 20%. Exports were 34% greater than they were ten years...
...formula behind the achievement liad been painfully simple: eat less, work more, which to British planners meant: cut imports, increase exports. If it worked once, said the White Paper, it ought to work again. Britons might get a few more eggs, otherwise rations would stay the same. On this dreary diet they were being asked during the coming year to hike production by roughly the same percentages as they had achieved in the past year...
...Torres Bodet curtly announced last week that the agreement had been abrogated by unilateral U.S. action. In Washington, Chargé d'Affaires Rafael de la Colina delivered a protest which U.S. diplomats described as a "stemwinder." Mexico's press wrathfully asked whether U.S. agreements were scraps of paper...
Third floor girls threw paper bags filled with water at the young men who urged them to "Vote for Tom Dewey," and played music from their car radio into the megaphone. The girls described the serenade as "Quite lively, but too loud...