Word: dollars
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Dates: during 1940-1949
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...sudden revaluation of the Canadian dollar caught most capitalistic speculators unawares. But not Saskatchewan socialists. Last week CCF's Provincial Treasurer Clarence M. Fines told how the province had cleaned up close to a quarter-million dollars on revaluation...
...dollar socked away now when it can buy a mediocre pair of drawers, may pay for most of a good second-hand suit when the threatening boom busts...
...Your dollar buys just 75 per cent as much as it did 22 days ago under OPA," the mimeographed sheets pointed out. Addressing veterans attending the University, it posed two questions: "What will $65 be worth if your board bill jumps this Fall?" and "How can you support a family on $90 a month when meat costs $1.00 a pound already...
...death of OPA had started it. Canada had upped the value of its currency because it feared that i) prices in the U.S. would soar much faster than they had (see Prices), 2) the U.S. dollar would be worth much less. Last week, Sweden hastily followed Canada's lead. It also raised the value of its currency, boosting the krona from 23.82 U.S. cents to 27.77 cents, a 14% increase. Both nations were guessing that the U.S. would have 10 to 14% more inflation than it now has. There were reports that Argentina, and several other nations, would soon...
...left too small a margin of profit to suck any large amount of goods away from the domestic market. But with ceilings off, CPA saw trouble ahead. Most world commodity prices are 25% to 100% higher than those in the U.S. There was little to prevent nations with abundant dollar exchange from buying, at fantastic prices, the goods Americans themselves were still short of. So CPA plans to permit an increase in exports only as U.S. production increases. Under CPA's export formula, manufacturers would be permitted to ship scarce articles, chiefly durable consumer goods, building materials and farm...