Word: cutthroats
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Dates: during 1940-1949
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...party protected business against cutthroat domestic competition by granting patents, and against foreign competition by levying tariffs. It won other votes by handouts: land to farmers as free homesteads, Treasury funds to Union soldiers as pensions. It won election after election. "What could you do with a party that had emancipated the slave, saved the Union, given everybody a bounty in land or tariff, assured businessmen of prosperity and poor men of a full dinner pail...
...coming to the rescue of the industry-as well as nearly 400,000 soft-coal diggers of his United Mine Workers-had some basis in fact. As a result of overproduction, diminishing demands and skidding prices, the soft-coal mines were indeed facing the perilous possibility of a cutthroat price war. If it came to the pinch, a lot of little companies might be destroyed and a lot of John's miners would be out of jobs...
...cutthroat textile business, Manhattan-born Jake Schwab fought his way up from scratch. He left high school at 16 to work at odd jobs. At 20, he got a $15-a-week stock clerk's job with Cohn-Hall-*Marx, a big textile converter. Young Jake had a knack for figures, studied nights to improve it. By 1928 he had risen to treasurer. In that year, Bankers Kidder, Peabody & Co. raised about $20 million to make Cohn-Hall-Marx the base of a textile pyramid integrating many different businesses in the cotton-rayon industry. The new giant was United...
Dave Beck not only dominates western labor; he dominates great chunks of business as well. He sees himself as a kind of self-appointed price-wage czar. With deadpan audacity he has used his power to prevent cutthroat competition, to punish price cutters, and to help firms with teamster contracts make a safe margin of profit...
...whole thing is slambang, cutthroat stuff: it flings vanity and vulgarity in bucketfuls, like swill. It is, to be sure, burlesque; but burlesque, in some cases, of theater types for whom mere satire might be understatement. Yet its most successful moments stem from the actual small details of show business, and its most entertaining characters-the star's mother (Phyllis Povah) and the producer's wife (Audrey Christie)-are lowbrow rather than outrageous...