Word: boosted
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Dates: during 1930-1939
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...mounting faster than new profits. Revolutions and bloodshed in South America threatened not only I. T. & T.'s property but its contracts as well. The revolutionary government of Spain talked loudly of canceling the agreement which, five years before, had given I. T. & T. its first major boost to prominence and profits. The fall in the exchange value of Spanish and South American currency told heavily on net earnings. Telephone & telegraph traffic declined. In Europe rose a rangy, six-foot competitor, Theodore Gary and his General Telephone & Electric Corp., backed by Transamerica Corp., largest of branch bankers. At home...
...serious lack of funds also threatened the law's Domestic Allotment provision, due to the fact that President Roosevelt had inadvertently tied his own hands in the international field. Money to pay farmers to cut their crop production and thus boost prices was to have been raised by a tax on processors of wheat, cotton, corn, rice, hogs, tobacco and dairy products. To be effective domestically such a tax had to be counterbalanced by special tariff increase. Thus if a 2? per Ib. tax was placed on butter, 2?would have to be added to the regular butter duty...
...boost to Chinese morale was the energetically spread rumor that Germany's crack Drillmaster General Hans von Seeckt ("the man with the iron mask and the monocle") was coming to train Chinese armies. The old Junker who organized the Reichswehr. happened to be on a world tour of the Far Kast last week. Before he left Berlin he had left blanket denials that he was going anywhere to drill anybody...
...President will accept up to $100,000,000 in silver as payment on War debts at a rate of not more than 50? an ounce. This sop to boost the silver market holds good for only one year. The silver payments will be used for coinage to back an issue of silver certificates...
...borrowing is obviously not yet completed. Nobody knows exactly how many more billions Mr. Woodin will need to buy preferred stock in reopened banks, to relieve unemployment, to do over Muscle Shoals and the Tennessee Valley, to refinance farm and home mortgages, to reforest hills, to revamp railroads, to boost wheat, cotton and other prices. Selling a huge bond issue will not be easy until the public knows i) that the ordinary Budget is balanced; 2) what limit is going to be set on extraordinary expenditures...