Word: rhodesia
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Dates: during 1960-1969
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...year ago Americans who were ignorant about Rhodesian problems would say to me: "I hate to admit it, but I really don't know where Rhodesia is." Because of the present crisis there is now much more interest in and knowledge of the Rhodesian problem, yet there are still some American misconceptions about Rhodesia...
Many base their thinking about Rhodesia on their own experience with American Negroes. However there's a big difference between the American Negro and his Rhodesian cousin. First, America is the wealthiest nation in the world. Consequently the American Negro is better off than his African counterpart both educationally and financially. Second, the American Negro speaks English, while Rhodesian Africans learn English only as a second language. A language barrier makes the integration of the two races more difficult...
Customers Lost. Aware of this, Britain hopes to topple Rhodesia's Ian Smith with a sophisticated attack on the Rhodesian pound. The pound has been ordered to a kind of Commonwealth Coventry: Rhodesia's $60 million sterling account with the Bank of England has not been frozen, but new exchange controls prevent British businessmen from accepting Rhodesian pounds and force them to channel payments to Rhodesia into special accounts held up at the bank. The London capital market, on which Rhodesia's 2,700 tobacco farmers depend, has been barred to them. A nation whose economy...
...Rhodesia is already feeling the first effects of the economic siege. To compensate for the import duties that it will lose, the government last week sharply raised taxes on domestic beer, whisky and tobacco. South African banks, on which the Rhodesians had counted as allies, temporarily stopped trading in Rhodesian pounds because of the uncertainty. The United Nations, which has never imposed economic sanctions on any nation last week recommended an oil embargo on Rhodesia and the U.S. announced it will not accept Rhodesian sugar...
Jute & Jets. Yet Rhodesia is far from on its knees, and the longer that sanctions drag on the more impatient other nations will become to ignore them. Such, at least, has been the case in previous boycotts. South Africa, denied Indian jute, got all it needed from Pakistan. Businessmen find ways, moreover, to transship; U.S. goods have reached Cuba by way of Canada and Mexico...