Word: levelling
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Dates: during 1940-1949
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...Flax. The nation was enormously rich, enormously productive. Employment was at a record 60 million level. U.S. farmers paid off their mortgages, rolled in money and contemplated more fine crops, more high profits. In Dutton, Mont., a farmer outbid professional buyers for $93,000 in municipal bonds. In California's Imperial Valley, a flax farmer bragged of a profit of $84,000 on his last crop...
Harry Truman's popularity with U.S. voters stood at 54%, down only 3% from his late May level; 58% of union members approved of him, 61% of farmer voters were still for him. As far as 71% of registered Democrats were concerned, Harry Truman was the only nominee in sight. Closest contender: Henry Wallace, with the approval of 12% of the Democrats who were polled...
...instance, will have to relax or abandon the tight net of restrictions on currency and commerce that now strangle trade between them. The French will have to put enough faith in the Allied control of Germany to let the German steel industry work for Europe at a higher production level. This will be even more difficult for a Frenchman than for a citizen of New Hampshire to resign himself to seeing another $15 billion go out of the U.S. But unless both France and New Hampshire face the facts, the "Marshall approach" will not work...
...Wall Street felt that the aid would come, no matter how pinchpenny Congress now seemed. All this caused the Federal Reserve Bank of New York, the Sanhedrin of financial theologians, to say in its July report: "While individual commodity prices which got out of line may drop to lower levels, it is thought that the tendency of the overall price level is more likely to be one of gradual adjustment than of violent fluctuation. In many cases, the adjustment, which is already under way, is taking the form of improved quality at stable prices...
...ruled her rising business like a benevolent despot. She paid wages higher than the industry level, instituted bonus and insurance plans. In return, she reserved the privilege of making them all work hard. Her employees, mostly women like the bonus- and Margaret Rudkin- enough to overlook her perfectionism As a result, Pepperidge has never been unionized...