Word: quebracho
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Dates: during 1950-1959
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This week, as his second elected term began, Don Federico found his country little changed. Smugglers were running much of the nation's cattle across the border into Brazil to escape unrealistic price controls on beef. Bureaucrats were selling illegal import and export licenses. And the important quebracho, tobacco and cotton trade with Argentina was logjammed against Juan Perón's nationalistic economy. Now exiles have become Paraguay's principal export; of the 1,500,000 population, more than 100,000 (some estimates run up to 500,000) are refugees abroad. Most are members...