Word: traded
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Dates: during 1940-1949
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...blockade tightened, raw sugar crammed the warehouses and overflowed into covered tennis courts, gymnasiums-anywhere it could be stored until there were ships to transport it. The pineapples were ripe and soon would be rotting in the fields. Unemployment was sharply up; several small businesses had folded. Tourist trade, almost as important to Hawaii as pineapple and sugar...
This week, on the day the rail strike was to end, the Western commandants would get together with the Russians to try to work out a solid agreement on trade and traffic between the West zones and Berlin. Meanwhile, the steady day & night roar of the planes-which had brought terror to Berlin during the war and defiant hope during the peace-would continue as before. The U.S. announced that Operation Vittles would be carried on indefinitely; it was too important a weapon to be dismantled...
That is why Britain is finding it harder & harder to sell in dollar countries. In a few other countries, e.g., Belgium and Italy, British export trade is running into trouble for the same reasons, but, in general, the pound position as against other "soft" currencies has strengthened rather than weakened. In other words, if the British cut the official rate to, say, $3.50 in order to get in line with the dollar, other countries would devalue their currencies to get in line with the pound...
...their first panicky reaction, Chileans tore into the U.S. tariff talk. Santiago's La Hora protested that it "counters principles [of freer world trade] backed by the U.S. in Bretton Woods, Havana, and Bogotá." Government leaders understood that it was only one part of their problem...
Since war's end, many an impatient squawk has been sounded against the U.S. Military Government for failing to do "something" about Germany's cartels -though hardly anybody knew what the something should be. Last winter, a civilian committee headed by Federal Trade Commissioner Garland Ferguson trotted off to see if the squawking was justified. The group reported that...