Word: basic
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Dates: during 1930-1939
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While many an old industry sagged last week under the steady pressure of depression, a new one finished a phenomenal first half-year, looked forward to acceleration during the next six months. Furnishing no basic commodity or luxury product, it helps supply the one U. S. demand which no depression can diminish-the demand for new amusements...
...Basic cause of market weakness was the continued fall in commodity prices. Nearly every basic commodity was selling at a lower price than during any other post-War year, and some of the most deflated were going back to the beginning of the 20th Century. Years in which various commodities sold for approximately their current prices...
Basing his argument not on mere stock-market quotations, but referring to indices at once more lofty and more basic, Mr. Ochs continued: "We no longer think in millions but in billions. . . . Disease is being conquered. . . .The Parliament of Nations grows steadily in influence and respect. . . . International questions have nearly all been settled, and the problems of government have now become social and economic within the confines of the State. . . . Dictators are weakening. Democracy is triumphant." Foreseeing not only a general revival of world-prosperity, Mr. Ochs also specifically foresaw Germany as leading in the industrial renaissance. Said...
Chief objector to the Hawley-Smoot bill was the motor industry whose enormous foreign trade speeds many a factory wheel. Alfred Pritchard Sloan Jr., General Motors president, summed up the industry's basic argument thus: "The economic position of the U. S. has completely changed during the past two decades. We cannot sell unless we buy. Additional restrictions in the way of raising the height of the tariff wall are bound to have an adverse influence on our domestic prosperity through reducing our ability to produce. . . . The failure of the tariff bill would have a helpful influence...
...lines. With a few possible exceptions it is not until the twentieth century that we begin to take the lead, but after all, with a handicap of several hundred years, are we to blame? In the earlier days the crudest substitutes had to serve for what we consider now basic necessities. Is it then any wonder that the artistic efforts of our colonial ancestors in the field of prints were somewhat crude? This primitive handling which distinguishes the greater part of the early work has caused many collectors, both professional and amateur, to eschew entirely this whole corpus of material...