Word: exporting
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Dates: during 1930-1939
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...years for Deere & Co., George Nelson Peek became president of Moline Plow Co. at $100,000 a year, made General Hugh Johnson his chief counsel. As a manufacturer of agricultural machinery, he naturally became deeply interested in farm problems. As a politician, he began agitating for an export subsidy for the U. S. farmer. When Republicans did not solve the farm problem according to his lights, George Peek became a Democrat. As a Democrat he became head of the AAA. As head of the AAA he quarreled with Braintrusters over the agricultural codes, finally resigned. President Roosevelt made him special...
...basis stable all around. Among economic experts agreement reigned that the franc should be devalued because: 1) devaluation of the currencies of other countries had had the effect of reducing the prices of their goods on the world market until these were disastrously under cutting France and ruining her export trade; 2) higher wages and vacations with pay introduced in France by its present Socialist leaders have raised production costs so much that the only way to continue making profits is to pay French workers the "higher" wages they 'have won in "cheaper" money; 3) successive French regimes have...
...Cash Register, invested $40 in Pratt & Whitney Aircraft Co. After United Aircraft & Transport took over the company in 1929 Mr. Deeds went to town on that investment to the tune of $1,600,000 (TIME, Jan. 29, 1934). Last week young Mr. Deeds resigned as President of United Aircraft Export Corp. to give all his time to United's Pratt & Whitney Division. Elected to succeed him was a hefty six-footer named Thomas Foster Hamilton...
...Hamilton sold his propeller business and a second company, manufacturing all-metal planes, to old United Aircraft & Transport Co. Two years later, Early Bird Hamilton was driving pleasantly around Paris in a Rolls-Royce as United's European representative. In the export business ever since, Mr. Hamilton spends his U. S. vacations in California, gets away from aviation fey coaching his 16-year-old son in motorboat racing...
...great world commodity like cotton, and that is through the corrective influences of competitive price levels established in the free markets of the world - a harsh method, perhaps, but the only one that works. . . . Our present cotton policy means the complete loss within a comparatively short time of our export markets for cotton." Foreign cotton acreage increases and declines in a remarkably direct proportion to the U. S. price. Of late, foreign cotton production has been rising sharply. But no country today is ready to take over the South's share of the world's cotton. Russia...