Word: crediting
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Dates: during 1920-1929
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Industry. Vermont's industrial losses were some seven millions, bringing the total loss to thirty millions in a state with only 400,000 population. To rehabilitate industry, credit was the important thing, said Secretary Hoover. Let New England extend credit to Vermont, letting character supplement collateral. What Mississippi Valley bankers had done, surely the New England bankers could...
...England Council appointed a committee of bankers to arrange credit for Vermont without delay...
...Problem. Last year approximately $38,000,000,000 worth of goods were sold in the U. S. About $4,500,000,000, or close to 12%, of those billions were sold on the deferred payments. Consumers bought on their credit...
...Raskob took last week's occasion to say also: "Everything indicates that 1928 will witness the greatest prosperity our country has ever enjoyed. There is little, if any, inflation anywhere, an abundance of credit, great farm purchasing power as a result of good crops and prices, and my prediction is that with the Ford Motor Co. in production the automobile industry will produce 5,000,000 units in 1928, as against 3,500,000 this year, and this gain of about 40% will add tremendous impetus to an otherwise prosperous condition...
...experts in economics to work. They made five broad investgations: 1) consumers-how they use their credit for buying clothes, furniture and jewelry; 2) merchandise-how pianos and books are sold; 3) repossession-how used motor cars are handled; 4) depression-how consumers' debts affected a financial depression in the Pennsylvania coal fields; 5) dealers-how they sell new and used cars and how they do their banking...