Word: decontrolled
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...wake of meat decontrol, steak suddenly appeared on butchers' counters - at $1-&-up a pound. Lard and other meat by-products edged up toward 70? a pound. Dazed by the sight of so many rare items, the people went on a two-day buying spree-a mood reflected by a six-point jump in the Dow-Jones industrial index.* Then they hesitated...
...only thing to do, said the faithful, was to decontrol meat. If that was done immediately, the day might yet be saved. Will Clayton explained: a lot of cattle were in feeding pens. If the Administration immediately took off ceilings, those cattle would be sent on to market. But Mr. Truman had to act fast. Otherwise the cattle would be sent back to the ranges, to grow fat and ultimately fetch an even higher price...
Party Chairman Hannegan asked in agony: What would be the political effect of higher prices? And what about public reaction to the President reversing himself right after proclaiming that he was against decontrol of meat (TIME...
...Democratic side, Representative Harris (Ark) remarked the "controls on meat have been a complete failure since they were reimposed" and "I don't see that the President could have taken any other course." Harris added the move "might well signal the start not only of further decontrol under the law but also a move to terminate the war emergency...
...August the Price Decontrol Board set up by this bill exercised its sweeping powers for the first time when it did all but one of these...