Word: merchanted
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Dates: during 1930-1939
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Britain may be a nation of shopkeepers, but her shopkeepers are exceedingly jealous of her ships & sailors-world's largest merchant marine. And Britain's shipping tycoons are jealous of their individual companies. Though big lines in Italy. Germany, Japan and the U. S. have pocketed their pride and combined for economy (TIME, Nov. 7), Liverpool's stubborn operators are still fighting it out from Land's End to Sandy Hook, from Manchester to Sunda Strait. Last week what observers thought was a step toward a truce was taken when Frederick William Lewis Lord Essendon...
Dignified President Lebrun had key-noted at a luncheon preceding the thunder clouds: "Our merchant marine is regaining its full strength. A big commercial fleet is necessary in such a colonial empire as ours-scattered over the four corners of the earth...
...Washington Conference" to end the present costly race between Britain, France, Germany and Italy, each of which has been squandering untold millions to build the champion liner of the Atlantic. "In the interests of that internationalism for which the world is striving," cried M. Olivier, "the French merchant marine is anxious to collaborate in avoiding wasteful competition...
...From his observation of P. D. Armour's letters to his son, Jonathan Ogden. Lorimer later wrote his famed Letters of a Self-Made Merchant...
...Depression, nearly one-half the world's ships ride at anchor, rust-streaked and dingy. Dwindling water-borne commerce has forced the great shipping lines to lay up ships, slash services, cooperate with traditional rivals in eliminating duplicate runs. When these economies failed to shore up crumbling merchant marines, pride and profit have dictated mergers. North German Lloyd and Hamburg-American signed a 50-year pact partitioning their North Atlantic trade. In his Fascist forge Benito Mussolini hammered three big Italian firms into the Italia Line, cocky owner of the new S. S. Rex and S. S. Conte...