Word: profiteer
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Dates: during 1920-1929
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...Tariff rates are to be raised sufficiently to prevent inflow of foreign wheat. The wheat which the corporation buys is to be paid for partly in cash, partly in receipts. These receipts will have value in as much as the corporation succeeds in selling its wheat abroad at a profit...
Opponents of the bill declare that under present conditions the corporation simply will not be able to sell its wheat abroad at a profit. Then either the corporation (i.e., the Government) must "hold the bag" or the holders of the receipts given as part payment for wheat will lose just as much as they would at present...
...unique. He begins in the approved socialistic manner: "No sane man can live on this planet 20 years without realizing that something is very seriously wrong with the world." But he does not proceed with the usual tirade against the capitalist who "squeezes the last drop of profit" from the laboring classes. He enumerates the economic hardships of the race and then proceeds to trace them to the inefficient industrial structure of society. He demonstrates that...
...Paul still has some "fat" to live on. In 1920 its profit and loss surplus amounted to $38,376,167. Successive lean years have greatly reduced this figure, yet it still amounts to $20,373,792, according to the 1923 statement...
...greatest dangers of a "building boom," apart from the loss of invested capital always involved, is the rickety and shoddy type of construction erected. The speculative builder wants to finish his house and unload it on someone else for a quick and substantial profit. His attitude toward material, plans and workmanship is apt to be entirely subservient to this desire. So long as a house will look all right until someone buys it, he cares little what shape it will foe in a few years hence...