Word: prices
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Dates: during 1940-1949
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Acts of Peace. There was little talk of peace in 1948. The US. had learned the price of endlessly talking peace with men who had no intention of concluding a peace. Talk meant only delay and delay was costly. But in 1948's troubled world, the U.S. had reason to be thankful. In the midst of hunger and want it knew unequaled prosperity. The year's harvest was the biggest in history. With few exceptions, everyone who wanted a job had one. Labor got a third round of wage increases, and strikes were at a postwar low. Prices...
Shoppers were looking for bargains, whereas a year ago many did not even bother to ask the price. Tips were smaller and waitresses were being polite to customers again. Just as in the U.S., the bottom had dropped out of the "used (new) car" market...
...Maritimes, housewives were buying more medium, fewer large eggs. Men's tailors were busy turning worn trouser cuffs and shirt collars. In Montreal, a top ski-suit designer found customers buying for price. Said he: "I'm doing a lot of Ford business, but my Rolls-Royce trade is dropping...
...cautious about taking delivery of cars, trucks and tractors they had ordered when the world wheat famine seemed to assure endless prosperity. Many took delivery simply to resell-and then found that there was little or no profit to be had. At Edmonton fur auctions, ranch mink and ermine prices were down 35%. British Columbia lumbermen were cutting the price of lower grades, and they saw more cuts in prospect...
Kline thought the Hope-Aiken Act and its sliding scale of price props were just right. The Middle Western farmers thought so too, helped Kline defeat the Southern proposal and got the federation to go on record in favor of the Hope-Aiken Act. But it also urged Congress to enact a permanent law making any agricultural commodity eligible for price support. No one suggested that the farmers prove they were the free enterprisers they fancied themselves by eventually doing away with all price supports, any more than other businessmen would do away with tariffs...