Word: billion
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Dates: during 1920-1929
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Canada had an 8 cent freight rate advantage over the U. S. to the world market. The U. S. surplus could be moved only at a loss. It was not moving, yet estimates showed that some 200 billion bushels must move before the next harvest...
...fortnight ago all negotiations were abruptly broken off and the committee prepared to disband (TIME, April 29), after a demand upon Germany for 28 billion dollars over 58 years was met by Dr. Schacht with an absolute refusal to pay more than 15 billions over 37 years. The Allies were particularly incensed by the fact that Germany's "Iron Man" made a portion of his offer conditional upon the return to the Fatherland of certain territory and colonies which she gave up by ratifying the Treaty of Versailles. Blamed by all the Allied delegates for dynamiting the committee, stubborn...
...Germany to pay 18 billion dollars over 37 years. 2) The annual payments to average $487,600,000, and of this $165,900,000 to be paid unconditionally, with payment of the rest conditioned on German capacity to pay without impairing the value of the mark?a protection which the Fatherland already enjoys under the so-called "transfer clause" of the Dawes Plan...
...this damage were last week released by the Manhattan Merchants' Association, Quoting from the 1927 Federal Census of Manufacturers, the Merchants' Association stated that in 1927 factories in New York City produced 9% of the total U. S. 1927 output. New York factories turned out nearly six billion dollars' worth of merchandise. Production of the entire country was valued at about 63 billion dollars...
...nearly six billions of production, New York paid less than one billion dollars in wages.* Thus New York workers made about $6.10 worth of merchandise for every dollar they received in salary. Inasmuch as the ratio of production to salary in such an extra-New York organization as General Electric Co. was 2.6 to 1 (TIME, April 22), compared to 6.1 to 1 for New York, it might appear that New York pays relatively low-even sweat shop-wages. But no doubt the fairer explanation is the generosity of General Electric to its workers, whose statistics were eloquent evidence...