Word: pump
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Dates: during 1930-1939
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...early stages of recovery the heavy industries such as steel lagged behind. So it was advisable to prime the pump by public works. Now. he said, the situation was reversed. The durable goods industries were making more rapid progress than the consumer goods industries. The prices of their products were going up accordingly. For example, some mines can produce copper at 5?, or 6? a Ib, but copper was selling at 17?. And the price of steel was up $6 a ton. These prices, he intimated were too high, much more than covered increased labor costs, meant that a larger...
...President's statement that there has been an undue rise of metal prices and more rapid recovery in heavy industry than in other industry, was questioned by economists (see p. 77). Regardless of its accuracy, however, the President's dissertation marked a milestone in New Deal policy: pump-priming is at an end. So far as Franklin Roosevelt is concerned, the business of getting out of the last Depression is now subordinate to the business of avoiding the next...
...Ayres noted: "The recovery in durable goods is always faster than in nondurable goods. ... It is true that improvement in durable goods is greater than in nondurable, but it is also true that most of the men still unemployed need to be employed in durable goods industries."* Since the pump of heavy industry had been fully primed, no one seriously objected to a cessation of Government spending for that purpose. But to shift the spending into consumer channels only delayed the effect, since increased consumption would soon lead to expansion and modernization of nondurable goods industries, thus in turn stimulating...
Added years didn't dull Rogers' wit. When the famous pump in the Yard was repaired last June, he was asked to have the first drink. In a brief impromptu speech he praised water as a benefit to humanity, saying "it's done so much for navigation...
...Soldiers of Free Spain," shakes each by the hand, calls him ''Comrade!" When the Loyalist general is finally brought back, the treacherous Rebels manage to shoot him anyway. With their leader dead, the milicianos rush to their sandbag wall and laugh in hysterical, heroic rage as they pump bullets over the barricade. Purpose of the first performance of Spain Laughs was to see if a hand-picked audience would give enough encouragement to justify a Broadway opening. The partisan audience gave encouragement in plenty, though its drama-conscious members could not blink the fact that so loose-jointed...