Word: periodical
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Dates: during 1930-1939
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...France's No. 1 Soldier, Gamelin has continued the Maginot Line to the sea, mechanized the Army to a point below Germany's but at which he thinks it can be most effective, extended the conscript period from a year, to 18 months, to two years-this over the bitter opposition of most French politicians. He has confidence in the Army he has built. During the Munich crisis he believed the French Army was ready to fight, and General Gamelin quietly went to London to tell the statesmen so. He got about the same attention that...
Cuba had a similar experience. England no longer wanted her Havana cigars but it wanted her sugar as never before. France and Belgium had once raised their own sugar beets, and England had bought considerable sugar from Germany in the pre-War period. To supply these markets, Cuban production jumped from 10% of the annual world supply to 25%. Havana blossomed out as a boom city, its real-estate prices spiraling dizzily. All through eastern Cuba woodcutters cleared thousands of acres of forest. Negroes from Haiti and coolies from China planted sugar cane between blackened tree stumps. To move...
...quarter of a century ago $3,000,000,000 was three times the U. S. national debt. The effect of such huge purchases was stupendous. Of the whole period, 1916 was the bonanza high point; common stocks of sixty-eight major U. S. industrials paid a total of $724,900,000 to investors during that year. Du Pont, Hercules Powder Co., Remington Arms, Savage, and Winchester Arms all got big Allied orders for munitions. U. S. Steel converted a deficit of $1,700,000 before common dividends in 1914 to a net for common...
During the War period, as during neutrality, the Guggenheims, William Rockefeller (brother of John D.) and John D. Ryan, heavy owners of copper stocks, made big profits. While neutrality lasted so did speculators such as Jesse L. Livermore and Bernard Baruch. But speculative profits in commodities were reduced when the U. S. Government took control of prices as a war measure. Speculator Baruch himself headed the War Industries Board which fixed the prices...
Last month, Federal Housing Administration anticipated an increase in applications for insurance on new mortgages. But for three weeks to July 15, FHA's volume of new business (which had been up 32% from 1938) fell 10% below the $65,180,129 of applications received in the same period last year. This reversal was due to a sharp drop in applications on houses already built. But applications for houses to be built ran only 15% ahead of last year against a margin of 68% enjoyed earlier in the year. To offset this, FHA this week made another reduction...