Word: redonda
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Dates: during 1940-1949
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...Coffee. Brazil has natural riches to match her size. Her great Volta Redonda steel plant-South America's largest-feeds off a quarter of the earth's known iron deposits, heavily concentrated in & around the fabulous "iron mountain" of Itabira. Brazil also has significant deposits of most of the other minerals useful to man. She ranks fourth among the world's independent nations in hydroelectric potential. Geologists estimate that oil-bearing formations lie beneath a quarter of her sparsely settled 3,286,170 square miles of territory...
...where fishermen's cottages had stood, workmen were building the blast furnace and rolling mills of Huachipato, the No. 2 steel plant in Latin America (No. 1: Brazil's Volta Redonda). Where fishermen had spread their nets to dry, there was an 890-ft. dock. Modern brick houses for 4,000 workers were springing up in a planned industrial city which Chileans proudly compared to Oak Ridge...
...Shot in the Arm. Huachipato's pig-iron capacity of 205,000 metric tons makes it only half as big as Volta Redonda, and tiny by Pittsburgh standards. But the 235,000 tons of steel it is expected to turn out each year when full production is reached will make Chile virtually self-sufficient in steel...
...spite of his chastening criticism, Dr. Tavares loves and believes in Brazil. "Brazil is the one thing I believe in," he says. He tells his readers of the west, where a League of Nations commission once said a population of 900,000,000 could support itself; of Volta Redonda, South America's biggest steel mill, and of the continent's fastest growing industrial city at São Paulo. Drawing on the studies of Brazil's social anthropologist, Gilberto Freyre, he shows that "there is less racial discrimination in Brazil than in any other country...
...gone over big; U.S. Treasury Secretary John Snyder liked Brazil and Brazil liked him. He had come to talk business in a country where U.S. investments of $611,000,000 are second only to Britain's. He had a chance to see, in a plant such as Volta Redonda (steel), the sort of thing for which the U.S. had put up Export-Import cash. When he talked, he talked straight. Brazilians...