Word: parsnip
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Dates: during 1960-1969
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Cleaned Out. In a protectionist Europe, where everybody from parsnip growers to paving-stone makers was sheltered by tariffs, businessmen almost to a man fought the Common Market right up to the moment it became fact, fearful that it would put their protected industries out of business. Monnet's answer was to bring the Market into existence gradually, reducing tariffs at easy stages to allow industries time to adjust to the new competition. It has worked surprisingly well. In Belgium, some inefficient coal mines have shut down. In France, whose industry was the most highly protected...
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