Word: dearer
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Dates: during 1940-1949
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...Dearer Ovaltine. The British move touched off convulsive reflex actions around the fiscal world. (To cushion the shock, British banks and exchanges were closed for one day; other countries declared similar holidays.) All the dominions devalued their currencies in proportion; Canada, a dollar country, devalued its dollar 10%. In the colonies the readjustment was automatic. Ireland, Egypt and Israel brought their pounds into parity with Britain's. Norway, Denmark, Finland, Iceland, The Netherlands and Sweden made devaluation moves...
Fanny Cohen, 4O-year-old artist, tearfully commented: "She is such a dear old lady, and becomes dearer every year. How I would like to lunch with her! When I met her I would like her to say, 'Hello, Miss Cohen,' and I would say, 'Hello, Queen.' " Said a Negro waiter from Dutch Guiana: "People come and go, but it will seem strange without Wilhelmina...
...Bank had been paying 104½ to yield 2.60% steadied at 102 for a yield of 2.82%. Since government bonds are the backbone of much of the banks' credit, this meant that the price of money had gone up about one-fourth of 1%. In the long run, dearer money tightens credit and cheapens goods. But it would still be a long time before the Bank of Canada's tinkering with the price of bonds affected the price of cabbage...
...Samuel 26:20. † Fleas also have their cultural aspects. For centuries, they have been used as entertainers in flea circuses. In Goethe's Faust, Mephistopheles sings of "a king, A lovely queen had he-But dearer far than queen or son. He loved a big black flea. . . ." Upon this item Russian Composer Modest Petrovich Moussorgsky based his Song of the Flea...
...reasons were just the opposite. Then all nations were gripped by deflation. They had unemployment, falling prices, and few had the cash to buy. Nations found that the best way to handle deflation was to export it. They devalued their currencies (to sell cheaper abroad and make imports dearer), upped their tariffs, set up import quotas. In short, they tried to dump their unemployment and deflation on one another. This policy failed dismally because everybody devalued. Instead of exporting deflation, everybody got poorer...