Word: trade
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Dates: during 1950-1959
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...Brazil under which 1) the U.S. will sell the Rio government $138,700,000 worth of the surplus, most of it ($111,000,000) in wheat; 2) Brazil will make payment in nondollar currency, i.e., cruzeiros; and 3) the U.S. in turn (under the terms of the 1954 Agricultural Trade Development and Assistance Act) will use the currency to finance economic and other development projects in Brazil...
...nations: one to eliminate internal customs barriers and provide a common market for 160 million people, the other to pool all atomic research and development into something called Euratom. Britain's Chancellor of the Exchequer Harold Macmillan has already begun negotiations looking toward British participation in a free trade zone of all Europe...
Japan, in a recovery rivaling West Germany's, regained half its prewar trade, led all the world in shipbuilding for export (though Britain's backlog of orders is bigger), and placed third in cotton textiles. But Japan is still plagued by population growth. Ninety million people are congested in an area the size of California, and only 15% of it arable...
...British soldiers, digging in during a skirmish with Arab tribesmen, found, fragments of old buildings in the Syrian desert sand. Excited archaeologists dug deeper, came upon the Syrian city of Dura-Europos, which in about A.D. 250 had been a garrisoned outpost of the Roman Empire, athwart the main trade route between Antioch and Seleucia. Dura had a large Jewish community and a sizable synagogue. On the synagogue's walls the excavators found murals illustrating Old Testament stories, with certain Talmudic touches added...
...satellites could blame their sorry economic plight directly on Russia, which conducts 1/5 of its foreign trade with Iron Curtain countries-mostly to its own advantage. Reversing the usual form of colonial exploitation, in which colonies are used as sources of raw materials, Russia feeds the satellites raw materials, takes the finished products they manufacture. Czechoslovakia, for example, did 5.5 billion crowns ($770,000,000) worth of trade with Russia in 1955, giving engineering products in return for metals, petroleum, rubber, timber...