Word: pauperish
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Dates: during 1940-1949
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Depression I put an end to the halcyon days. Turpentine prices slumped from better than 50? a gallon to 31? in 1931, rosin from $8.50 a barrel to $2.95. By 1933 the housing collapse and a shrunken export market reduced the naval stores industry to a pauperish $13,792,000. In March 1936 producers met at Jacksonville, formed the American Turpentine Farmers Association Cooperative to cut excess production, get rid of surplus stocks, undertake conservation...
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