Word: quota
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Dates: during 1930-1939
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...fixed price almost certainly higher than the market price he will get when he sells it. They need not be repaid and bear no interest, although if the farmer stores his crop in a Government warehouse he may be liable for storage charges. A referendum on a marketing quota will be held when supplies reach 940,000,000 bushels...
...other nations were willing to disarm because all they had to do was to tear up blueprints, while we actually scrapped battleships. And now, when it seems likely that Japan is exceeding her quota, we haven't even built up to our treaty limit...
This advice is, of course, to: 1) lower tariff walls; 2) abolish quota restrictions; 3) stabilize currencies; 4) restore freedom of exchanges; 5) balance budgets. Having dropped in at the White House and made the rounds of Europe, M. van Zeeland picked five nations as the Great Powers most apt to take what he considers the standard brands of good advice...
...bonbon in the box of world consumption, which totals 30,000,000 tons per year. This is because most sugar-producing nations consume their own output. The U. S., for example, exports no domestic sugar, but grows some 6% of the world total and eats 22%, hence has no quota under the International Sugar Pact. It does have production quotas of its own, however, to control its beet sugar producers in the West, its cane sugar production in Louisiana, Florida and island possessions...
...consumed 6,706,000 tons of sugar. The AAA quota for 1937 was first set at 6,682,000 tons, then raised to a whopping 7,042,000. But consumption in the U. S. has plummeted during the past three months of depression and sugar-men now fear that this year's consumption will not equal even the original 1937 quota. They were distinctly irked, therefore, when Secretary of Agriculture Henry Wallace last week set a new 1938 quota of 6,861,000 tons. Said the Wall Street Journal: "In the opinion of the trade a quota...