Word: raw
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Dates: during 1930-1939
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Lumbering into the annual stockholders meeting of his substantial ($362,000,000) Consolidated Oil Corp., Oilman Harry Ford Sinclair last week declared: "Either one of two things must happen. The price of finished products must go up or the price of raw material go down. I do not believe that this industry can continue to sell its finished products below the cost of raw materials...
...that would poeticize the Biological Urge. There were the makings of a truly important picture in "Ecstasy." The scarcity of dialogue, the drifting, almost aimless pace, the startling photography, all would have given the picture rare distinction had they been carried out with technical skill. The production, however, was raw-boned, awkward, and those features that would have saved it were lost...
...reflex of the lean and bony ridges and sandy or sparse soil of Central Europe. Socialists insist that Fascism is not inevitable anywhere, and that a different system of property, political and consequent international relations would result in plenty for the German people even though their soil and raw materials are poor. But whatever the truth of the Socialist argument, it is axiomatic that a nation's total well-being under any economic system is limited by two things: the nature of the land and what is under the land, and the number and ingenuity of the population...
...tired capitalism"; the German cartelized business structure, which was inextricably merged with five big banks, did not know the rules of intramural competition. Then came the first Nazi experiments with a rigidly controlled system, with businessmen retained as managers in their own plants, but with the Government allocating raw materials, dictating wages and prices and limiting and forcing new investment in accordance with Nazi conceptions of national welfare. Capital surpluses went into armaments; the Nazis ceased to build houses. The peasant was bound to his land by laws prohibiting the sale or mortgaging of hereditary homesteads, and farm production...
...quote speciously attractive prices to the Balkans and South America, regions with surpluses of grain, tobacco, oil, cotton, coffee and cocoa. Between debtor nations the system of subsidized barter might have worked satisfactorily enough, but the Nazis themselves were slow to deliver finished goods in return for foodstuffs and raw materials, and they frequently demoralized world markets for their suppliers by reselling coffee, tobacco, cotton, etc., at knock-down prices in order to get needed foreign exchange...