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...Church history since Roger Bacon...

Author: /time Magazine | Title: The Time News Quiz: The Time News Quiz, Feb. 23, 1948 | 2/23/1948 | See Source »

...happiest people in the land were the people with market baskets. As they went to the stores this week, retail prices were spotty, but some were down: bread, down 1? a loaf; bacon, down 10? a pound, flour, down 16? to 17? a 25-lb. bag. These were only pennies, but the clink of falling pennies was music in housewives' ears...

Author: /time Magazine | Title: THE NATION: The Clink of Pennies | 2/16/1948 | See Source »

...government was sore at business. A lot of the skyrocketing of prices, it argued, was unnecessary; e.g., it takes about three weeks to cure bacon, but as soon as higher bacon prices in the British food contracts were announced, Canadian packers boosted domestic prices to match. Price hikes on pork and veal were even less justified, the government felt, because they were not directly affected by the British contracts and there were big stocks on hand. For these, as for all other price increases, consumers blamed the government, and consumers have votes...

Author: /time Magazine | Title: Canada: To the Lions! | 2/2/1948 | See Source »

Skyrocketing food prices had made Canadians good & sore. There had been no organized buyers' strikes, but there was plenty of buyer resistance, and it was having some effect. In Vancouver, sales of beef, bacon and fresh pork were down, even after retailers shaved prices a little. It was the same in Calgary, Toronto and Montreal. In Halifax, the City Council took up a resolution urging provincial and federal governments to "do something immediately about the constantly rising cost of foods," and passed it unanimously...

Author: /time Magazine | Title: Canada: THE DOMINION: Price War | 1/26/1948 | See Source »

...that industry could pour out enough goods to lick the wartime inflation. However, the cost of living went up from 153.3 to 166 during 1947 (1941 figure: 105.2). Inflation, if judged only by $1 a pound butter, 85? a dozen eggs and 89? a pound bacon, was worse at year's end than at the start...

Author: /time Magazine | Title: Business: World Gamble | 1/12/1948 | See Source »

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