Word: retailing
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Dates: during 1940-1949
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Although the U.S. defense boom had not yet reached the point of retail-price inflation, Keynes's New Deal disciples were already giving his basic idea a startling twist. A few Administration corners buzzed with it. Provoked by 1 ) the problem of U.S. morale, and 2) the perplexing question of what will happen to the economy when defense spending ends, the New Dealers thought about killing both birds with one stone by giving U.S. youth a Keynesian lien on the Peace...
...automobile industry broke all production records during the first quarter of this year. It turned out 1,573,000 cars and trucks-20% over 1940. Last week these production figures were translated into record-breaking sales reports: General Motors' first-quarter retail sales (608,702) were the highest ever, up 45% over...
Married. Selma Hillman, 19, dramatics student, younger daughter of OPM Co-Director Sidney Hillman; and Irving Lerner, 27, retail clothier; in Manhattan...
From 1929 to 1938, Mexico's imports from Germany jumped 40%, while imports from the U. S. (though still much larger) slumped 54%. Germans in Mexico became the dominant retail and wholesale distributors in at least two fields (hardware and drugs), sold countless other products (iron, steel, chemicals, arms, machine tools, engines, etc.). Unlike most Americans, the German businessmen learned the language and manners of their Mexican customers, frequently married Mexicans. Many became Mexican citizens. But they seldom forgot the Fatherland...
...little long-term meaning. The money poured out for construction of the camps made a mighty splash in boarding houses, restaurants, saloons, movie houses, dance halls, filling stations and ice-cream stands. But once the camps are built the jobs will be gone. Soldiers' pay rolls will keep retail trade bouncing along, but if & when the emergency ends the soldiers will leave too. For a South which needs the tools and factories of modern industry, abandoned dance halls will solve no problems...