Word: businessmen
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Dates: during 1950-1959
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...illustrations. His pictures of rural and urban America, with its growing population at work and enjoying its new leisure, gave a quick but comprehensive review of the nation's burgeoning market. In" nine cities scattered through the Rhineland, the Ruhr and northwest Germany, industrialists and businessmen found it a fascinating report. After seeing it first in Frankfurt, business leaders asked for copies of the color slides for showings in every Chamber of Commerce in West Germany...
...privilege to go on one of these missions," Honneus said. "Many more are needed, because the real barrier to trade improvement is not tariff but lack of knowledge of markets. And only through these free and frank exchanges of information between friendly businessmen can this be overcome...
...Italy, where Communism is big business, Reale held the key position of party administrator. As such he sat on a three-man committee, supervising the flock of import-export firms which the party has set up or taken over to handle Soviet-bloc trade in Italy. Italian businessmen rapidly found out that the only sure way of doing business east of the Iron Curtain was to let these Red companies handle their trade. By last year, U.S. experts estimate, the firms handled more than half of Italy's $123 million East-West trade...
Across the broad face of the U.S., businessmen were trying to see where the U.S. is headed. Farm-machine sales were down to the point where J. I. Case Co. shut one of its plants. In the troubled U.S. auto industry there was more talk of production cuts. Holding his first annual meeting, in a big tent in Dearborn, Mich., Henry Ford II put production this year at "less than 6,000,000 units." Said Ford: "Production will remain a negative factor at least until the last quarter." Furthermore, he added, "it seems unlikely that the general economy will expand...
What worries businessmen, whose memories of 1954's recession are still fresh, is that FRB's credit brakes might have too harsh an effect on the econ omy, curb the industrial expansion that is now taking up the slack left by the auto industry. But FRB is watching the situation closely, and is ready to change at the first real sign of trouble. With its many monetary tools, it does not necessarily have to make money cheaper by relaxing the discount rate in order to ease credit. It may simply expand the money supply by stepping up purchases...