Word: marketeers
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Dates: during 1930-1939
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...Chairman Marvin Jones of the House Agriculture Committee President Roosevelt wrote a letter to sit hard upon a bill which would have upped the sugar quotas of tariff-protected mainland sugar producers by reducing the slice of the U. S. sugar market still left to the Philippines, Good Neighbor Cuba, and other foreign countries. The President damned the busy sugar lobby as "professionally dissatisfied...
Collapse. On October 24, 1929, the market crashed in New York, and in that year world unemployment swelled...
...influential Greek educator who was condemned to drink hemlock for "corrupting" Athens' youth. For 2,300 years Socrates has been pictured, on the strength of Plato's description of him, as a highborn philosopher who lived ascetically, spent his time asking searching questions of Athenians in the market place, showed up the Greek Sophists, avoided politics and was eventually martyred by an ignorant mob for teaching his pupils idealistic notions of justice and authority...
...brass tacks, the two sharpest being 1) that more than 70% of U. S. families now earn less than $2,000 a year, and 2) that the 35% with incomes between $1,000 and $2,000 in good times and bad make up a vast and virtually untapped market for building. For this 35%, houses must cost from $4,000 down. ARCHITECTURAL FORUM gave architects virtually the first survey of the problems of designing houses in this price range, which they have hitherto ignored...
...favorite Wall Street notion is that traders in odd lots (less than 100 shares of stock) are always wrong-when they buy, the market goes down; when they sell, it goes up. Last week the first comprehensive survey of odd-lot trading-made by the Brookings Institution under the direction of Dr. Charles 0. Hardy-found that odd-lotters are generally smart enough to buy on declines and sell on advances, but not smart enough to wait for a marked decline or a substantial advance. By buying and selling too soon, they miss the boat on long-term price trends...