The New Zealand wool boom of 1951, one of the greatest economic booms in the history of New Zealand, resulted directly from United States policy in the 1950–53 Korean War. In 1950, when the Korean War broke out, the United States of America sought to buy large quantities of wool to complete its strategic stockpiles.
The New Zealand wool boom of 1951, one of the greatest economic booms in the history of New Zealand, resulted directly from United States policy in the 1950–53 Korean War. In 1950, when the Korean War broke out, the United States of America sought to buy large quantities of wool to complete its strategic stockpiles.
Source: Wikipedia "New Zealand wool boom" · CC BY-SA 4.0
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