Word: expansionism
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Dates: during 1940-1949
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Until the source of ore in Labrador can be fully exploited, the steel mill can get its raw material from the already developed mines in Belle Isle, Newfoundland. The Mystic River Iron Works now produces 500 tons of pig iron daily from the Newfoundland ore. But the Belle Isle vein...
Business was booming at the Verrerie Marquot, a glass works at Fains-les-Sources, halfway between Paris and Strasbourg. The factory was turning out $50,000 worth of glassware a month. With his furnaces producing at full capacity, Gustave Marquot, the 29-year-old owner, last week was studying plans...
Should pension systems be set up for all U.S. industrial workers? Last week, after a survey of 1,000 industrial executives, Mill & Factory magazine reported that 78% of them would go along with some sort of company pension plan. Only 6% think the company should bear the entire cost. As...
When he opened the world's biggest drugstore in Hollywood two years ago, Rexall Drug, Inc.'s President Justin Whitlock Dart threw a $90,000 party complete with film stars, searchlights and 10,000 free orchids. To Justin Dart, onetime tackle at Northwestern University, the celebration was the...
The trouble was that Rexall's expansion program had been badly timed. Older, smaller stores had been closed up before the big new superstores could be opened. On top of that, many a small store was sold at a heavy loss simply to get rid of it while the...