Word: profit
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Dates: during 1930-1939
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Here were some major factors that were whittling away the profit margin from the coal business...
Smith to Gladstone- To Adam Smith, who published his epochal The Wealth of Nations in 1776, occurred the unusual idea that when anything is bought or sold profit accrues to both buyer and seller. Before Thinker Smith and since, the tendency of human nature has been to assume that the seller outsmarts the buyer. Nations try to outsmart each other by selling more than they buy. Each assumes that by erecting a tariff wall it will smartly reduce its own purchases (imports) while continuing to push its sales (exports...
...Thinker Smith it seemed clear that any obstruction to imports reduced the total number of exports and was therefore against the interests of all nations, since in every transaction both buyer and seller profit. To increase the number of transactions and therefore the number of benefits to all, he prescribed Free Trade. But suspicious Mother Britain would scarcely have swallowed this pill- except for her geography...
...chop-suey music, that all Chinese look alike. This travelog is a novelty because it is witty and de luxe, the record of a trip which must have been fun and of a personality which is happy, egoistic, alert. Douglas Fairbanks obviously enjoyed making it, should enjoy a handsome profit from his pleasure. Last week he set off for the Orient again, this time accompanied by four technicians. Director Lewis Milestone and Writer Robert Benchley...
...secure were these loans that best accountants allowed a company to combine them with the "cash" item in its balance sheet. So profitable was it that in October 1929, when brokers' loans hit their all-time high of $6,498,000,000, about 55% of it ($3,602,000,000) was loaned by "others." But long before this the practice was criticized by conservatives, disliked by the banks. The money market, said conservatives, was too dependent on nonbanking money. Banks saw their own field invaded, a source of big profit for them in the hands of "others." During...