Word: paz
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Dates: during 1950-1959
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Plentiful Food. Long queues, once the most characteristic street scene in La Paz, have disappeared. Instead of lining up for supplies of subsidized food and then rushing to sell them on the black market for a tenfold profit, Bolivians shop from plentiful stocks. The free price of bread and meat is about one-third the old black rate. Farm production will be up 59% by the end of the year. The boliviano has come down from its crazy peak of 13,000 to the dollar, and has been averaging...
...classic like the German mark after World War I, when prices multiplied 1.2 trillion times. But in recent months the boliviano has been clearly and dramatically on the skids. Since March the government has imported 55 tons of freshly printed currency. Newspaper vendors in La Paz sit surrounded by such mountains of bills that they look like tellers in a bank...
...Paz Estenssoro returned from exile to take over as President, and Hero Siles stepped back into vice-presidential obscurity. With growing revenues from Bolivia's oilfields and more than $50 million in handouts of foodstuffs and dollars from the U.S. Government, Paz Estenssoro kept the nation's economy from
...Three out of four Bolivians of voting age are illiterate, and most are direly poor. ¶ The nation's tin mines, main source of government revenue before Paz Estenssoro & Co. nationalized them, operate at a loss because of administrative inefficiency and lack of labor discipline...
...intends to aid Siles, as it aided Paz Estenssoro, and he will need the help. For Fighter Siles, the toughest battles lie ahead...