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During the period of rapid industrial growth after 1955, corporations sought to
diversify their activities and acquire sophisticated technology. Part of the
intensified demand for capital was met through the capital markets; but the sale of
The highest concentration was found in the iron-and- steel, shipbuilding,
automobile, electrical- machinery, and domestic-appliance industries.
Concentration was also high in fishing, chemicals, and shipping. It accelerated in
the period from ...
The second crisis occurred in October 1964, when, to shore up the pound sterling
, Britain suddenly introduced a surcharge of 15 percent on all its industrial
imports — an act that was in violation of the treaty. But the crises in efta were not
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This is the 198215th Edition, in two halves, with the Macropaedia and the Micropaedia. First published in 1768, the publisher is the oldest English-language encyclopedia still in print. Two Scottish ... Read full review