Word: postwar
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Wall Paper. The first exhibition to open at LACMA's new Renzo Piano designed-building, the Broad Contemporary Art Museum, examines the artwork produced on either side of the Berlin Wall during the postwar division of the country. The "Art of Two Germanys/Cold War Cultures" displays paintings, sculptures, photographs, videos, and artists' books reflecting Germany's efforts to deal with the aftermath of Nazism and the reconstruction, via capitalism in one Germany, communism in the other. Through April 19. 5905 Wilshire Boulevard, Los Angeles...
...last quarter, its worst quarterly contraction since the 1974 oil shock. Exports also fell an unprecedented 13.9%, while the unemployment rate shot up to 4.4% in December, reaching levels not seen since World War II. "There is no doubt that the economy is in its worst state in the postwar period," said Economic and Fiscal Policy Minister Kaoru Yosano. (See pictures of Japan and the world...
Bretton Woods is the mountain resort in New Hampshire where in 1944 the Allied nations met--with the U.S. calling almost all the shots--to plan a postwar financial system. The Bretton Woods creations included the International Monetary Fund (IMF), the World Bank and a quarter-century of fixed exchange rates built around a U.S. dollar that was linked to gold. The fixed exchange rates and gold standard unraveled in the 1970s, and ever since we've had a system in which the IMF occasionally steps in to help countries in currency crises (usually imposing harsh terms in the process...
...Ruth Handler, an American businesswoman, was vacationing in Switzerland when she came across Bild Lilli, a doll that, unlike popular baby dolls at the time, had long, shapely legs and wore heavy makeup. Lilli, in fact, was based on a prostitute in a postwar German cartoon, but Handler was inspired. She bought three Lilli dolls, returned to California and in 1959 created the world's first Barbie doll...
...bailed out by the country's richest man, fur magnate John Jacob Astor. Astor's associate Moses Taylor built City into a bulwark of sound finance--big capital reserves, stingy lending standards--that bankrolled the Union during the Civil War and easily withstood the first postwar financial panic...