Word: reforms
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Dates: during 1950-1959
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...chance. In June 1948, taking a decision that Erhard as Bizonal economic adviser, and director, had been advocating in memo after memo, Allied authorities suddenly revalued the West Germany currency (one new mark for every ten old ones). Convinced that Germany's recovery could not succeed with monetary reform alone, Erhard waited until one Sunday, when neither German colleagues nor military officials would be around to interfere, and announced on the radio that he had issued a formal decree ending all rationing and price controls at once. "Turn the people and the money loose," he cried, "and they will...
...parents' savings, became so bad that it took a wheelbarrow full of marks to buy a suit of clothes. The experience made him a devout believer in the sound mark. His wife still remembers their marriage in 1923 as taking place "ten days after the currency reform," which replaced the worthless mark with...
...First, Reform. Sparked by the News and able Lawyer Alan Lowenstein, the high-powered group of bankers, lawyers, publishers and insurance executives started a citywide drive for reform, accepted tough, intelligent Incumbent Commissioner Leo P. Carlin as their man. With widespread city support, the reformers swept out the "five mayors" in city hall, voted in a strong-mayor charter-and Mayor Leo Carlin, who tightened budget controls, stabilized tax rates and formed committees to tackle housing, parking and property improvement...
...Reform begat renewal. Civic-minded Bruce Palmer, president of Mutual Benefit Life Insurance Co. announced that "thanks to the new climate." his corporation was not only staying in the city, but would also build a $10 million home office in downtown Newark. Forty citizens from the rundown Clinton Hill area hustled off to Philadelphia to study rehabilitation projects; another group went to Pittsburgh to view the Golden Triangle. The Rutgers University law faculty pitched in to help on legal problems, and Newark businessmen volunteered staff services...
...second lowest in the U.S. and at least 13,000 Ibs. under surrounding states. Though the Pennsylvania legislature in 1951 boosted the limit to 60,000 Ibs., Governor John Fine vetoed the bill largely because of pressure brought to bear by ostensibly grass-roots citizens' organizations for tax reform and highway safety. The truckers had to wait until 1955 before the limit was finally raised...