Word: traded
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Dates: during 1960-1969
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...rejection of McCarthyism, the civilizing of U.S. criminal justice-such milestones have moved America ever closer to its professed ideals. Few today would cheer the jingoism of World War I, when a pacifist was likely to find his house painted yellow. Most would cheer what Justice Holmes called "free trade in ideas-that the best test of truth is the power of the thought to get itself accepted...
Britain wanted, he said, swift negotiations relating only to "the small number of really important issues," such as the special problems of New Zealand trade, Commonwealth sugar and British capital movements. Of the Common Market's common agricultural policy, which, if applied in Britain, could raise food prices as much as 10%, Wilson quietly acknowledged: "We must come to terms with it." Above all, Wilson showed a determination that reflected support from both parties, from British business and from most of the country* - the kind of national approval that was lacking four years ago, in large part because...
Streamlining. For ten years, Britons have watched their own economy largely mark time while the six nations of the Common Market, spurred by their growing economic unity, have raced ahead. Trade among the Six has increased by almost half, their industrial output by two-thirds, their gold and foreign exchange reserves by 100%. Thousands of European firms have merged to take advantage of the market of 180 million that the European Economic Community has created, sending Volkswagens to Belgium, French cheese to Munich, Chianti to Holland, Dutch chocolate to Milan, in a great, borderless swirl of what were once national...
...Fenway Park. The lure of money and a professional career pulled Welz away from the Crimson pinstripes into the Detroit organization. And the same bait, in bigger doses, will probably mean that Cambridge sports fans have only two more weeks to watch pitching sensation Ray Peters plying his trade in the college circuit...
Appeasement in Munich. Indeed, France and the U.S., the chief protagonists in the long battle, are scarcely playing in the same key. The U.S. has been pressing for quick creation of a new international currency-"paper gold"-as the best way to finance expanding world trade and keep free-world economies prosperous. In the past two years, there has been no growth of world money reserves needed for those functions. Last year, for the first time in modern history, the store of gold in the free world's central banks actually dwindled (by $100 million), as private hoarders bought...