Word: planned
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Dates: during 1950-1959
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...dismal thud. "It is serious. It is fantastic," said one top G.O.P. campaign boss in Washington, and noted that Benson's efforts have raised both subsidies and surplus, bringing nothing but blame for the Republicans. "Our men are going to have to disown it." Benson's plan was long since disowned by such party stalwarts as Ben Franklin Jensen, eleven-term G.O.P. Congressman from southwestern Iowa's Seventh District. By last week Ben Jensen, already fighting desperately to hold the seat that was once rock-ribbed Republican, was running mainly on an anti-Benson platform, called...
...Benson wheat program would bring "lower prices and the largest crop in the history of the world." Iowa's Governor Herschel Loveless, vice-presidential hopeful recently picked to be a farm expert by the Democratic Advisory Council, worked away in Des Moines on a Brannan-style farm plan that will call for direct production payments to farmers and tightened controls...
...chancelleries around the world, U.S. diplomats were explaining to foreign governments last week that the U.S. is in the midst of a major change in foreign policy. The outflow of dollars from the U.S. would exceed the inflow by some $4 billion this year; the end of the Marshall Plan period of unrestricted overseas spending had come. No, the U.S. did not intend to cut out foreign aid where it was needed, nor to retreat into "Buy American" protectionism, nor to cut dangerously its overseas military forces. But it might have to do all these things if such industrially strong...
...changed over the years since World War II. Back in the late 1940s, the U.S. was the principal source of the world's manufactured goods, exported far more than it imported. Result: even with U.S. tourists spending millions abroad, U.S. troops stationed around the world, U.S. Marshall Plan dollars pouring into Western Europe to rebuild shattered economies, and Point Four aid flowing to underdeveloped countries, the U.S. ran up a surplus in its overall international accounts. Gold trickled into the U.S. Treasury from abroad...
...underdeveloped countries a cooperative free-world undertaking. At the World Bank-IMF meeting in New Delhi in October 1958, Anderson sponsored a proposal to increase World Bank funds by doubling the member nations' commitments to guarantee World Bank bonds. At the same meeting, Anderson unwrapped a U.S. plan to set up an International Development Association (with the U.S. contributing one-third of the capital) to make loans that, unlike World Bank loans, would be repayable in the borrowing country's own currency, no matter how soft. At the World Bank-International Monetary Fund meeting in Washington in late...