Word: exportimport
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...switched to exportimport, made his first big deal with an Argentinian who wanted half a million yards of a certain type of cloth. Richmond found the cloth at the War Assets Administration, bought it with credit from a Boston bank for which his father did legal work. On the resale, he cleared $40,000. He soon expanded into steel and chemicals. By 1948, when he was 24, he had an expanse of plush offices in Manhattan and his business was grossing $11 million a year. Then in the recession of 1949 he was hard hit. His business dropped off sharply...
| 1 |