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Nevertheless, prices will probably still be higher than last year, because the U.S. is eating meat at a belt-bursting clip. The American Meat Institute estimated that U.S. meat consumption will hit an annual rate of 160 Ibs. per capita in the last quarter of 1950 v. 144 Ibs. for all of last year...
...first time in history that consumer debt had crossed the $20 billion mark, more than double the figure of a decade ago ($9.1 billion). But the rise was not as fearsome as it looked. While the nation's per capita consumer debt had risen from $69 in 1940 to $135, up 95%, national income had risen from $616 per capita to $1,437 in the same period, a gain of 133%. But consumer credit would be one of the first things curbed under the new Defense Production bill...
...emphasis of U.S. agriculture were shifted from grain to livestock, and if Americans would increase their annual meat consumption (now about 145 lbs. per capita) by only 10 lbs. and drink 20 quarts more milk apiece a year, the experts believed the farm surpluses would fade away and the country would be a lot healthier. There was certainly a high demand for meat: cattle raisers get no subsidy and want none, and yet porterhouse was selling last week in Manhattan at a record $1.20 a lb. Cornell Farm Economist H. E. Babcock, one of the foremost exponents of "the livestock...
...Woodruff, who has the build of a lumberjack, the face of an intelligent fullback, runs the company with a relentless executive grip. He recalls how, in the 1920s, he discovered one day that per capita Coca-Cola sales in Montreal were larger than those in Miami. Then & there he decided that Coca-Cola was destined to spread beyond the U.S., across the world...
Break this down into per capita consumption and each girl accounts for 11 pounds of beef, nine of lamb, a more three gallons of ice cream, and just over four pounds of butter. Over the course of a full year, this means that the average student receives meat at least 12 times a week, ice cream usually twice a week, and generous supplies of butter at all meals except dinner...