Word: market
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Dates: during 1940-1949
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...Socialists blasted the proposed law to set up a free market in gold. To Premier Schuman and Finance Minister Mayer, the free gold market was the lodestone that would draw hoarded gold and hidden assets from buried iron pots and foreign banks. This in turn would stimulate production and provide a stabilizing base for currency and foreign trade. To the Socialists, the 25% fine to be levied against hoarders was inadequate punishment for unpatriotic speculators...
Tokyo police warned of another hazard. The black market, they said, is full of cigarettes (at 2½ yen apiece) containing a filler of horse dung. Said one cop: "Many people are smoking them, and we are surprised at how few are aware of what they are made...
...queues that were sometimes ten blocks long. Desperate motorists waited all night to get their ration of three gallons when gasoline pumps opened in the morning. More than half of Havana's automobiles were garaged for lack of gas. Milk deliveries were cut, taxis almost vanished, and black-market fuel sold as high as $1.20 a gallon...
...profits, as a cushion against a possible loss on inventories. That was double what it set aside for the same purpose for the whole preceding year. In explaining this enormous set-aside, Soapmaker Deupree pointed out that in the 1920-21 recession "the decline in the raw material market actually wiped out the equivalent of a very large part of the firm's invested capital in less than twelve months...
President Truman, whose plea for new restrictions on distilling had been turned down by Congress, appealed directly to the liquor industry to limit itself. But the distillers weren't impressed. They knew that preliminary estimates on the 1948 wheat crop were so favorable that last week the grain market had a severe slump (see Col. 3). They could quote Secretary of Agriculture Clinton P. Anderson's own optimistic testimony (on the European Recovery Program) that grain supplies were ample. They could point to foreign distilleries using grain for whiskey (for export to the U.S. for dollars...