Word: set
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Dates: during 1950-1959
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Benson succeeded in winning approval of his basic idea in the 1958 farm bill, which set subsidy rules for the 1959 corn crop. It abolished acreage controls, lowered price props toward the level set by the market (support price: $1.12 per bu.). But instead of cutting surplus production, as Benson unswervingly predicted, the no-control formula encouraged farmers to raise a bumper crop. And, as Benson's own department admitted last week, it swamped by 600 million bushels the previous all-time corn record set in 1958. Reason: farmers boosted production to make up for lower prices. Result: more...
Anderson's public services during his Waggoner years extended far beyond Vernon. He served as deputy chairman of the Federal Reserve Bank in Dallas, as chairman of the statewide board of education. In 1951 he sat on a commission set up by the president of Columbia University, Dwight David Eisenhower, to study manpower utilization during World War II. Ike was impressed. So was Anderson...
Fight Against Upcreep. As the economic indicators started climbing, Anderson's prestige climbed with them. That autumn he set off on another soft-spoken crusade: his fight to get the Administration firmly committed to balancing the fiscal 1960 budget that the President would send to Congress in January...
...that the U.S. should give more help to the underdeveloped countries. Proposition No. 2 suggests that the U.S. cannot afford to give more, perhaps ought to give less. To resolve this clash of directions is the challenge of U.S. foreign economic policy, and the task that Robert Anderson has set for himself...
...West German." Anderson was aware of the trend when he took office in 1957. In characteristic fashion he quietly set about shifting foreign-aid policies that had been backed by the full prestige of the Truman and Eisenhower Administrations. There were no dramatic sessions; at every opportunity he simply called attention to the problem. Last spring he began inviting Administration leaders to conferences and lectures. At first the State Department was horrified at the prospect of revising foreign-aid policy (and some of its staffers still are), but Anderson found a sympathetic listener in Under Secretary (for Economic Affairs...