Word: prices
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Dates: during 1930-1939
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...many Copperheads-and you will remember it was the Copperheads who, in the days of the War Between the States, tried their best to make Lincoln and his Congress give up the fight, let the nation remain split in two and return to peace-peace at any price...
...marks. Brazil can easily sell her cocoa in a free world market for good currency. By this "purchase" Germany 1) tried to flood Brazil with compensated marks so that Brazil would be forced to buy more German merchandise, 2) tried to produce a temporary world scarcity, thereby raising the price of cocoa so that she could profitably resell her cocoa holdings to other nations for much-needed gold...
...favorite thesis of Franklin Roosevelt (a thesis also of his severe critic General Hugh Johnson), is that steel prices have been too high and would have to come down to assist recovery. Neither this oft-reiterated suggestion nor the fact that steel production last December fell as low as 19% of capacity appeared to dent the steelmasters' contention that prices could not be cut without a slash in wages. But Franklin Roosevelt was also explicitly on the record against wage cutting. In the face of reduced sales and mounting losses ($1,292,151 lost in the first quarter...
This meant cuts of from $2.50 to $8.50 a ton, brought prices back to the pre-1928 days. As striking as this news was another aspect of the reduction: prices at Big Steel's Birmingham and Chicago plants were for the first time lowered to the Pittsburgh level. Announced reason for the change: "Increased production facilities and greater diversification of products" in these two steel centres. To the steel trade, however, it meant that Big Steel, sniped at by non-union independents since it made a wage contract with C.I.O. and pinched by their price concessions had finally abandoned...
...bargained for. As the steel industry quaked and the stockmarket paused over rumors of a definite pledge not to cut wages, Big Steel's young chairman announced flatly: "No official of the U. S. Steel Corp. has given any assurances that wage reductions will not follow the steel price reductions announced yesterday...