The Piastres Affair also known as Piastres Scandal and Piastres Trade (l'affaire des piastres, le scandale des piastres, or le trafic de pistres) was a financial-political scandal of the French Fourth Republic that broke out in 1950 during the First Indochina War.
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“Mining today is an affair of mathematics, of finance, of the latest in engineering skill. Cautious men behind polished desks in San Francisco figure out in advance the amount of metal to a cubic yard, the number of yards washed a day, the cost of each operation. They have no need of grubstakes.”
—Merle Colby, U.S. public relief program (1935-1943)