Word: butter
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Dates: during 1950-1959
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Mother always told me I couldn't eat my cake and have it too, but she didn't say I'd have to pay for my butter and not get it either...
...everybody happy? In the dairy business, at least, the U.S. has tried to make them so. Housewives who had grumbled at the high price of butter were made happy as state after state allowed the sale of colored margarine. This didn't please the butter men. But the Agriculture Department had a way to make them happy, too: it promised to support prices by buying up surplus butter. An effort was even made to make foreign dairymen happy. They were allowed to ship as much dried milk, cream and buttermilk to the U.S. as they wanted to send. That...
...soon this pursuit of happiness ran into a detour. Oleo sales boomed and butter prices melted. Soaring imports of dried dairy products displaced millions of quarts of U.S. milk from ice cream and other products, and diverted them into butter. As butter prices kept dropping, the Agriculture Department had to buy more. In December alone, it paid $12 million for 15 million Ibs. of butter, cheddar cheese and dried milk. Some days purchases ran as high as 2,000,000 Ibs., all paid for by U.S. taxpayers (whose happiness had not been part of the deal...
...real solution to all the trouble seemed to be a return to an unsupported market in butter, with prices seeking their own level. Even dairymen might find to their surprise that the law of supply & demand could result in a better spread of happiness for everyone...
...theory in 1951, when he and a friend were caught in a storm while venturing across the English Channel in a small rubber boat. The craft tossed about for five days, and in that time Bombard and his companion had nothing to eat except half a kilo of butter they had brought along as a gift for a friend in England. This experience would have soured most men on seafaring for life, but in Bombard it kindled a consuming interest in the techniques of survival. Bombard persuaded a Dutch manufacturer of lifeboat and liferaft equipment to finance his research...