Word: profiteer
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Dates: during 1930-1939
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General Motors is the biggest unit in the great U. S. automobile industry (consumer goods). G. M. had a 1938 profit of $102,320,000 compared to a 1937 profit of $196,436,598. The last quarter of 1938 was the ninth best in G. M. history, contributing $63,932,000 (about 62%) of the year...
...Steel is the biggest unit in the biggest of U. S. producer-goods industries. Compared to a 1937 profit of $94,944,358, U. S. Steel had a 1938 deficit of $7,755,914 -despite a final-quarter pickup in operations which earned a profit...
Dewey, joined Marshall Field at the bottom in 1922. That his rise in Marshall Field is likely to continue appeared last week as President Corley released the company's annual report. Though the retail division's profit was down from $5,029,090 in 1937 to $3,940,099, Mr. McBain's manufacturing division came back from 1937's $5,679,209 loss to net a cozy $138,165. Even the real-estate division, only one still headed by a McKinsey man, showed a profit...
Part of this huge defense expense may be met through a "profit" which the Government last week arranged to obtain by revaluing its gold. Introduced by Sir John Simon in the House of Commons was a bill to allow the Government to revalue each week, at the current market price, the gold holdings of the Bank of England. Since Britain went off the gold standard in 1931 this gold has been carried at the old parity of 855. per ounce. Gold was last week selling at 148½. per ounce in the open market. At the old figure the Bank...
...Volkischer Beobachter (National Observer) and Dr. Goebbels' Angriff (Attack). In such matters Dr. Goebbels is a man of his word. Since January 1933, more than 1,000 non-Nazi German newspapers have been closed or failed under Nazi pressure. At present German newspapers that cannot make a profit competing with the subsidized, official party organs must all close up and release their workers for "more useful duties," i. e., soldiering, digging forts, making guns. Last week another batch of twelve papers went over the dam with an extra loud splash. Among them: the Berliner Tageblatt, once Germany...