Word: profiteer
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Dates: during 1930-1939
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...that is extinct." Then, by way of literary gossip, he dropped the fact that the day before he had had a three-hour talk with President Roosevelt. What that talk concerned the President revealed two days later when he announced: "The time has come to take the profit out of war." To take the profit out of war the President appointed a special committee headed by General Johnson and Bernard Mannes Baruch...
...Government understood well enough the true facts about the U. S. munitions industry. Not only is it small fry compared to the European arms industries, but the men who run it are typical U. S. businessmen who abhor, in typical U. S. fashion, the idea of fomenting war for profit. The big arms makers of Europe may not be above such skullduggery, but up to last week Senator Nye's committee had produced no shred of evidence to prove that U. S. arms makers had stooped to such practices...
...bribery as long as it was not too flagrant; that War and Navy officials had encouraged and, in some cases. may even have assisted the sale of U. S.-made arms to foreign countries. The Government's purpose in so doing was plainly to keep the life blood of profit flowing through U. S. arms factories in peacetime as a measure of good national defense in case...
...President Roosevelt called in newshawks, announced that he had appointed Messrs. Baruch, Johnson, Secretaries Hull, Morgenthau, Dern, Wallace, Swanson, Perkins, General Douglas MacArthur, Chief of Staff, Assistant Secretary of the Navy Henry L. Roosevelt, Rail Coordinator Joseph B. Eastman and Foreign Trade Adviser George N. Peek to take the profit out of war. The announcement knocked the Senatorial inquisitors completely out of the spotlight...
...from censorship. The extravagance of one report may be corrected by the moderation of another. There is further the competition of news despatches from many foreign capitals. Affirmation clashes with denial. Oddly enough, national competition still has its value. But ruthless competition in any form (national, or that of profit-greedy newspapers, as during the Cuban crisis, 1895-1898) is as dangerous as autocratic, or monopolistic control. The middle ground of regulated, responsible competition is the modern democratic ideal, as it is also the international ideal. A few countries approximate the former domestically; the world is only very, very slowly...