Word: prewar
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Dates: during 1950-1959
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...production in the face of shortages and inflation, was due to go out within two years after President Truman declared war's end in 1946. But farm-bloc Congressmen of both parties found that 90% was the sweetest manna in the political crib. Democrats conveniently forgot that in prewar 1938, Congress set the basic-crop price-support floor at only 52%; retrospectively, they sold 90% supports as a New Deal measure. Every two years, Congress extended the 90% supports, and farm surpluses piled up in Government storage houses. Example:the U.S. owns 764 million bushels of wheat, 100 million...
...lost her empire in the war, she got rice from Korea, wheat from Manchuria. Now she must import $400 million in food annually to feed her people. Her own rice crop last year was the poorest in 60 years. She has no coking coal of her own; her prewar source of supply, the Chinese mainland, is now shut off. So she imports this coal from the U.S. and elsewhere, at $11 to $17 a ton. She has similar trouble with salt, a staple of her chemical industry, on which the shipping costs alone are $12 a ton. Some...
...directors held their first postwar meeting in a bomb-battered building. Since the surrender of 1945, Germans have been forbidden to own or operate aircraft, but the ban will soon be lifted. Lufthansa's aircraft (four U.S. Convairs and four Constellations) are due for early delivery, its prewar chief of operations is back as manager, and the pilots are in harness again. Buttressed by government subsidies, Lufthansa's aircraft will soon be taking off again for European capitals, which last saw German planes through the smoke of antiaircraft fire. By 1955, they will be crossing the North Atlantic...
...allocating costs of power at dams. This will boost power costs. But the biggest reason for a rise in rates is the fact that power costs of dams now coming into use will reflect the high postwar construction costs of $300 per kw. of installed capacity v. $100 prewar. Despite the protests of public-power men, the partnership program has already won favor among the potential partners. In California, local irrigation districts are ready to finance $44 million of the Tri-Dam project on the Stanislaus River. The city of Eugene, Ore. is willing to pay for power facilities...
...small factory outside Pavia, his 120 craftsmen carefully hand-machined each part, painstakingly fitted the parts together. Even by these old-fashioned methods, Necchi was turning out 60,000 machines a year in prewar days. World War II cut production to 60 machines a day and cost the company 400 million lire ($4,000,000) in war damages. But at war's end, Necchi executives dug out a stock of sewing machines they had hidden from the Germans, and with them, went after the export market...