Word: trades
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Dates: during 1950-1959
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...Gropingly attempted to define "new approaches" to growing nationalist movements in Asia, Africa and Latin America with new programs for the kind of economic trade-aid planning that had helped to save and inspire Western Europe...
...important was the turnaround, in 1958, from budget cutting to the beginnings of forward planning in foreign economic policy. One reason: Premier Khrushchev had dramatized economic warfare to millions of Americans fed on cliches about "handouts" when he proclaimed, "We declare war upon you in the peaceful field of trade. We are relentless in this, and it will prove the superiority of our system...
...connoisseur named Giovanni Iviglia. Twenty years ago, an exhibition of old-master violins was held in Cremona, and of the 2,000 which Expert Iviglia now says were offered from all parts of the world, only 40 proved to be genuine. Believing that the center of a fake violin trade was Switzerland, Iviglia, with the blessings of the Italian government, set up an "Advisory Bureau for Purchasers and Owners of Italian String Instruments" in Zurich...
...names and labels. The top violin traders in Paris, London, Amsterdam and New York, who have for years passed on the authenticity of old violins, almost unanimously supported Werro. Seventy-year-old Albert Phillips-Hill of London's sacrosanct W.E. Hill & Sons, and himself known in the trade as "The Pope," called the work of Iviglia's bureau a "scandal...
Another question mark for 1959 is the state of the nation's foreign trade. To the delight of foreign countries, the new economy's huge purchases kept imports at record rates, though exports plummeted from a peak annual rate of $20.5 billion in 1957 to $16.6 billion the first half of 1958. Gold flowed out of the U.S. at such a rate that there was talk of a flight from the dollar. While exaggerated, the talk underlined the fact that foreign companies are engaged in a vast modernization program, which, with lower labor costs, will give them...