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Word: mercantilism (lookup in dictionary) (lookup stats)
Dates: during 1948-1948
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Usage:

...everywhere, they are determinedly late for dinners and parties, but they also have their own private jibe at punctuality: in all of thin-aired La Paz there is no dependable timepiece. The city (almost due south of Bar Harbor, Me.) has only two public clocks: one, on the Banco Mercantil, seldom runs; the other, on the Congress Building, keeps time erratically because it has been shot up so often in Bolivia's revolutions. Radio programs often begin & end according to the announcer's wristwatch...

Author: /time Magazine | Title: BOLIVIA: La Paz Time | 10/4/1948 | See Source »

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