Word: backdown
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Dates: during 1930-1939
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Stocks flittered like feathers in the whirlwind. Sugar, metals, oils, chemicals, aircrafts caught the swiftest of the upward currents. In the vortex, some food stocks rose, some fell. Few behaved so wildly as Guantanamo Sugar, long unnoticed at ⅞, up to 6 (600%) on Tuesday, backdown to 3½ at week's end. Among Dow-Jones' 30 industrials could be found samples of virtually every form of windblown behavior...
...steel industry's backdown on "company unions" at NRA hearings in Washington did not diminish U. S. Steel's resistance to unionization in the coal fields. As a matter of "common sense" Governor Pinchot attempted to mediate the Fayette County trouble by summoning United Mine Workers and Frick Coke officials to a peace conference-a meeting which would put the non-union company into direct negotiation with its union...
Perfectly plain to all was the Democratic backdown on food relief. Senator Robinson had first proposed an outright Federal gift of $25,000,000 to feed the hungry who had no other means of sustenance. By the Compromise he had accepted a proposition whereby $20,000,000 was to be loaned for food only to those who could put up collateral. Piercingly to the point critics showed how the family, without food, without grocery-store credit, without security for a Federal loan, would get none of the $20,000,000, would be as dependent as ever upon the Red Cross...