Word: marketeers
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Dates: during 1930-1939
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...refinery and a shipping point; 3) a 3O-year monopoly to supply Paraguayan oil requirements; 4) freedom from taxes and levies on shipments from the Bolivian refinery. Since Paraguay uses little oil, main purpose of the treaty was to provide Bolivia with an export outlet to the European market (for which she fought Paraguay unsuccessfully in the Chaco War), making possible the German deal Senor Foianini announced last week. Looking a long way ahead, he generously agreed in return to sell to Paraguay at cost the German-built refinery...
...aristocratic landowner from Pomerania in the backward German east, Bismarck cared little for the doctrines of economic freedom from feudal interference that were popular in free trade England. He made German capitalism an "assisted" capitalism, far more consciously purposeful than the economic systems of the west. Price-fixing and market-sharing cartels were encouraged; protection was granted to both agriculture and industry. The Prussian railroads were bought for the Prussian State, and the Social Democratic trade unions were won over to the paternalistic system partly because of the general pre-War prosperity and partly because Bismarck had introduced sickness, accident...
...arms spending and 50% from exports (practically all arms). One of the industry's most promising war babies, Niles-Bement-Pond Co., which has an order backlog of $2,200,000 (big for it but a trifle in the national economy) was meanwhile going in the market for eleven times its 1938 earnings, while investors priced ordinary market leader Chrysler at 16 times 1938 earnings...
...returned to Zlin. His biggest current problem is the 25% countervailing duty imposed by the U. S. on German-made goods, which completely kills Czech shoe imports (3,250,000 pairs last year). The Belcamp plant is Bat'a's attempt to hold this fat U. S. market...
...bite, however, decided to wait out the copper companies. Within a few weeks American Smelting's price was down to 10?. Still most purchasers waited. Then fortnight ago Phelps Dodge jumped it back to 10½?. This priced the industry's No. 3 unit out of the market, but enabled Anaconda and Kennecott units, Nos. 1 and 2, to make a market...