Word: tinning
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Dates: during 1960-1969
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...Exile. Benito Mussolini made Haile Selassie a world figure, known from the League of Nations to Tin Pan Alley. As his barefoot troops fell back before the 1935-36 Italian invasion, the Emperor trekked to Geneva to ask help from the League of Nations. A tiny (he is only 5 ft. 4 in. tall) but imperious figure, Haile Selassie seemed gallant and curiously impressive even in defeat. When the League declined to save his country for him, he settled down in Britain, where he checked his crown in a bank vault. Four years later, as the British army mounted...
...deal had a medieval ring. President Victor Paz Estenssoro needed more money to shore up his country's nationalized tin mines; the tin baron wanted a divorce. What more logical situation...
Cause of the reluctant U.S. switch was a clever Kremlin ploy. Returning from a Communist-subsidized trip to Moscow 18 months ago, a Bolivian professor brought news that the Soviets would be pleased to provide Bolivia with a smelter to refine its own tin ore. Last September Khrushchev buttonholed a Bolivian diplomat at a Manhattan cocktail party to make the offer again, and the pressure became too great for Bolivia to refuse...
...tempting bit of cheese on the treadle of a Communist trap. A smelter would give employment to only 100 workers. It would force Bolivia to import large quantities of costly British coke to refine its relatively low-grade (30%) ore. It would put Bolivia in competition with the international tin cartel, thousands of expensive miles from potential markets. Bolivia would have to accept platoons of Soviet "technicians" and go through with the first Russo-Bolivian exchange of diplomats in history...
...counterattack attempts to deal with realities. Instead of a smelter, it calls for the construction of tin ore concentration plants to step up the ore-metal percentage. U.S. conditions for the loan are tough but businesslike. In addition to laying off some 8,000 nonproductive workers, the government must promise to divide its tin corporation, Comibol, into several separate government-owned companies operating under guidance of competent foreign consultants...