Word: bagless
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Dates: during 1943-1943
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...same squeeze play occurred in the last war, but that time Elder Statesman Bernard Mannes Baruch pulled a shrewd counter-squeeze. After he persuaded the U.S. Treasury to stop shipping silver (to bolster India's currency), burlap prices came down in a hurry. Burlap importers-and their bagless customers-wish they had another Baruch...
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