Word: rawness
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...helped Japan before this war by furnishing scrap iron and oil and, also, Germany by supplying raw cotton, copper and oil from our surpluses. We are now helping the entire civilized world through lend-lease. We have just celebrated "I Am an American Day." Isn't it about time we exercised a bit of intelligent self-interest in America? William H. Cliff...
...production without directly penalizing the lowincome, consumer (although other consumers, as taxpayers, pay in the end). The Ministry of Food buys up most of the supply of some goods, for instance, then distributes them at a loss. Subsidy has been relatively easy in Britain because she imports so many raw materials. Canada has also successfully applied the subsidy system to tea, coffee, oranges and other staples...
...cotton goods. U.S. citizens might be excused for wondering whether there will be a shortage of air and water next. For years millions of Americans have been perennially sandbagged with "Buy Cotton" campaigns that have made it seem like the one inexhaustible fabric. But now, though the surplus of raw cotton is still a fact, the surplus of cotton in textile form is turning into a mirage. The components are the same as ever: lack of manpower, military demand, price ceilings at the wrong levels...
...barely equal to the year before. Government men still bravely insist that this year's production will be at least as high as 1942's, but the trade demurs: manpower is cruelly scarce, irreplaceable equipment is wearing out. Costs are up drastically and prices (except at the raw level) are fixed. None of this encourages producers to strain themselves...
Cotton Spinners. The last assumption is the one that raises eyebrows. Cotton-textile production is a case history in the pitfalls of price control. Cottons are a prime factor in the cost of living, so OPA strove to hold prices down on finished goods. Meanwhile raw cotton, not under ceilings, was imperfectly controlled by the periodic dumping of Government holdings. At the same time labor costs rose 30%. The higher wage levels didn't hold textile workers; they have gone into much better paid war jobs and have been drafted so fast that WMC last month defined them...