Word: trades
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Dates: during 1960-1969
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...elections for local, regional and municipal offices until the end of June to give the authorities more time to liberalize the election laws. Novotnýites are falling right and left, quickly to be replaced by younger, more pragmatic men. Last week three top secretaries of the central Trade Union Council were forced to quit, the Czechoslovak Women's Union bounced its boss, the director of the secretariat for church affairs was ousted, and the Minister of Health was asked to quit his post...
...filling the West with the hope that Czechoslovakia will be pulled into the maelstrom of evolution." The remark reflected East German Party Boss Walter Ulbricht's fear that Dubček's government may soon cozy up to West Germany for the sake of more trade and the special hard-money credits it badly needs. The Czechoslovaks were furious. Dubček's government formally protested Hager's speech, and Radio Prague denounced "this inadmissible meddling in the affairs of a sovereign state." A second attack by Hager put a severe strain on relations between...
...Franklin Roosevelt's aim in raising the price of gold from $20.67 to its present $35 per oz. was to mid-Depression.*Not increase only farm did he prices in fail in that objective, but dollar devaluation furthered a chain reaction of compet itive devaluations and trade restrictions aimed at preserving jobs. One effect was to devastate world trade, which fell 57% between...
...with gold as the primary international monetary asset. In vain, Britain's John Maynard Keynes argued for creation of a new international money to sup plant gold. He warned that reliance on "the barbarous metal" would ultimately lead to a drying up of reserves and re strictions on trade and capital flow. The U.S. (then holding some 57% of the world's monetary gold) prevailed with its view that creation of the IMF - a dar ing innovation for its day - would solve the problem...
Schweitzer's main concern nowadays is to complete the biggest change in the IMF's 24 years: creation of a new international money - paper gold - to take the pressure off dollars, pounds and real gold in bankrolling world trade and investment. It goes by the clumsy name of "Special Drawing Rights," or SDKs for short. Actually, SDKs would have some characteristics of currency and some of credit. They would consist of wholly artificial reserves, carried on the IMF's books as a separate fund and backed by pledges of contributions from IMF members in their own currencies...