Word: planned
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Dates: during 1940-1949
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...Russian "drama-comedy," Nicolal Gogol's "The Inspector General," will be the first reading plan since 1946 to be presented by the Harvard Dramatic Club's newly revived Reading Theater...
Action on the plan began immediately with government officials drawing up necessary legislation, and the United Nations making provision to include American aid in its own plans for poorer nations. Several bills have been passed this session for increased appropriations to the U.N. for use in its economic assistance programs, but it was not until September that the main legislation went to Congress...
Under the Administration's plan loans would be made to countries putting up one-third of the total amount needed. The world would be divided into three geographical areas: the American Republics, Near East and Africa, and Far East and Asia, with the American group of countries benefitting the most. Part of the program would be paid for by the U.N. itself...
...Foreign Affairs Committee several arguments have been raised against this aid. First of all there is the question of cost to this country, which is already committed to the European Recovery Plan, and to arms aid to Atlantic Pact countries, not to speak of heavy military expenditures at home. Although the Administration expects private capital to provide most of the funds in future years, it admits that the government must do the initial financing, and continue to give some help thereafter for as long as the program is necessary...
Secondly it is possible that the plan may not produce the desired markets, in which case business investments would probably not be forthcoming, and the government would either have to back out, or carry the whole load itself. On the other hand, if Point Four succeeded too well, foreign goods might undercut American markets, and this, too, would be unpopular...