Word: levelers
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Dates: during 1930-1939
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...Federal Reserve System. It was now proposed to pump Federal Reserve credit into the commodity markets? wheat, corn, beef, cotton, coffee, sugar. The bill was introduced by Representative Thomas Alan Goldsborough, Maryland Democrat. It required the Federal Reserve "to take all available steps to raise the present deflated wholesale level of commodity prices as speedily as possible to the level existing before the present deflation, and afterward to use all available means to maintain such wholesale commodity level of prices." Just how the Federal Reserve was to accomplish this large order nobody was sure...
...economic consequences of last year's overproduction probably had more to do with a reduced yield than the Farm Board's pleas to cut acreage. July wheat on the Chicago Board of Trade began the week at 58? per bu.- 3¢ below last year's level. Alarms of crop damage due to weather upped the price to 60?. Next day similar reports failed to sustain the market. It slumped back to 58?. The third day prices climbed 3/4? and the fourth day 1/4? more on tales of dust storms in Kansas, delayed spring wheat planting...
...less conscious than hatred, a deep rooted honesty that forced her to provoke the final tragedy?). As Nance, ellen Crowe speaks with splendid diction; her voice is one of genuine beauty, but it slips at times into sing-song rather than melody. The other players are on a uniform level of excellence, never fail in to play their roles with sincerity and understanding, qualities rarely found in the usual "rest of the cast...
...income), 4% (second $4,000) and 7% (all over $8,000). Personal exemptions were reduced to $1.000 for single taxpayers, $2,500 for married. The surtax rate was started with 1% at more than $6,000 net income (instead of at the present $10,500 level) and scaled upward to a maximum of 40% on more than $100,000. The House finally knocked out the 65% maximum surtax on incomes of more than $5,000,000 after the Treasury had convinced it that such a rate would only drive capital into tax-exempt securities. The principal effects of these...
...Treasury has calculated that for 1933 it would go about $1,681,000,000 into the red. Of this amount $440,000,000 represents the annual statutory reduction of the Public Debt. The Administration's design is to borrow that amount, thus keeping the Public Debt stationary, and to level up the Government's actual cash receipts and expenditures. To do that $1,241,000,000 in new revenue must be raised...