Word: depressionitis
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Dates: during 1950-1959
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¶ The Buy American Act, which prohibits the U.S. Government from buying foreign products unless the equivalent U.S. product costs at least 25% higher. Cost to the U.S. taxpayer in unnecessary federal expenditures: $100 million per year. Already, in individual cases, the Eisenhower Administration is seeking ways to get around...
In Hollywood, Moviemaker Dore Schary predicted that a minor depression would hit his industry when color TV is widely seen in U.S. homes. But Schary expressed no dismay over the threat to movies of current black-and-white TV. Judging by most of last week's shows, he had...
Milk controls were born during the Depression, when farmers were forced to sell milk for as little as 1? a quart. In all, 26 states passed laws to protect farmers and bottlers. Some later junked the laws, but 16 states still maintain strict controls. In addition, federal controls can be...
As a young man in Duluth, Roy Halvorson tried his hand at selling used cars, playing saxophone in a dance band, and packing tomatoes in a fruit-and-vegetable company. But when the Depression struck in 1930, he decided to look around for a business of his own. He did...
For its 1955 president, the N.A.M. picked Henry G. Riter III, 62, president of Thomas A. Edison Inc., of West Orange, N.J; A graduate of Philadelphia's Germantown Academy, Riter joined Wall Street's Dillon, Read & Co. in 1919, became a member of the firm in 1927, and...