Word: leveler
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Dates: during 1930-1939
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...strange as a Wagnerian opera unrolled in the Bavarian Alps. The setting was Wagnerian-Führer Adolf Hitler's Berghof at Berchtesgaden, a mountain hideaway 15 miles from music-haunted Salzburg, 600 miles from Danzig, 1,300 miles from Moscow, and 3,000 feet above sea level. Facing the cloud-capped mountains the brown and white Berghof itself-huge echoing rooms, wide halls, bedrooms for 40 guests, guards' turrets, flower gardens, machine-gun nests-seemed as unreal as the home of the Troll kings...
...United Automobile Workers called 7,500 tool and die makers, plus some plant maintenance men, on strike last month to get: 1) the union's first separate agreement for those key workers; 2) general wage hikes for them, so scaled as to level out differentials between G. M. plants; and 3) some form of exclusive recognition to help C. I. O. finish off what was left of Homer Martin's A. F. of L.-affiliated U. A. W. Messrs. Knudsen and Reuther in separate memoranda disclosed that G. M. had: consented to deal with its striking craftsmen apart...
...World War II, if it comes, some nations may avoid fighting. But they will certainly not go untouched. Just as modern warfare is no respecter of lives, soldier or civilian, so it is no respecter of the pocketbooks of neutrals. To every neutral nation that has risen above the level of primitive handicrafts, a world war is an economic explosion. As a neutral such a nation enjoys the traditional lot of innocent bystander...
...Denmark the price level rose 111%. Breeders of livestock made money by selling meat to Germany and Austria in 1914, 1915 and 1916. Fodder shortages slashed production of butter and milk upon which a majority of the Danes live. Real wages in Copenhagen failed utterly to keep pace with the rising cost of living...
Four months after the War broke out the New York stockmarket reopened. At their highs of 1915, machinery and machine equipment company stocks had appreciated 458% over their pre-War level. General Motors stock appreciated 452%. Stocks of steel and iron companies, exclusive of U. S. Steel, rose 293%; chemical concerns, 117%. At the other end of the table, gaining little, were the railroads and utilities, whose price structures were under the supervision of the Government. Tobacco and cigaret manufacturing stock appreciated only...