Word: coffeemen
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Dates: during 1940-1949
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...been set by OPA on the basis of 1941 prices. They were low because of one of the worst coffee gluts in history, although the ceilings were still above the world price. But soon both the cost of coffee production and the cost of living in Latin America soared. Coffeemen found it impossible to market their products at a proit...
...coffeemen yelped even louder. Jacob Rosenthal, head of the Joint Coffee Pro motion Committee and onetime coffee consultant to OPA, called the subsidy "utterly fantastic." In order to buy any coffee at all, he said, U.S. buyers have been paying as much as 3^ a pound over ceiling price by upgrading and short weigh ing - while OPA did practically nothing...