Word: profiteer
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Dates: during 1920-1929
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...During the war" said Professor Holcombe, "the Inter-Allied Maritime Transport Shipping Council of the World was formed, and managed with excellent results along socialistic principles. These men had a stronger incentive than the goal of personal profit, a stronger incentive than the idea of personal gain it was to serve their country. This incentive was productive of astonishing results, and was economical and efficient...
...cigarette sales in China are "loose sales"-that is two or three cigarettes for a small coin. Small shop-keepers are inclined to favor this "odd lot buying," as it enables them to save the tinfoil cigarette wrappings and sell them back to the cigarette manufacturers for an additional profit...
Secretary of Commerce Hoover reported on the balance of trade for 1923 and found that we had an "unfavorable balance" of only $152 million as compared to $725 million in the previous year. The terms "favorable" and "unfavorable" balance of trade originated with the conception that all real profit lies in getting money. That idea has been modified in recent times...
...Hibbs & Co., brokers, he had found three accounts: W. W. Spaid No. 4 (belonging to Mr. Daugherty), W. W. Spaid No. 3 (belonging to Jesse Smith) and W. W. Spaid No. 2 (belonging jointly to Smith and Daugherty). The books showed that Mr. Smith had made a profit of about $3,700 in Sinclair and Doheny stock...
...value of the insurance policies outstanding; but in the final year when the policies are payable, the Government would have to raise enough cash to pay off all bonds in the sinking fund with accrued interest-in other words, that it was foolish to credit the Government with a profit on interest which it is paying to itself...