Word: slump
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Dates: during 1930-1939
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...sure yet that what happened in Germany couldn't happen here," a Canadian interviewer was told in London by Britain's No. 1 Jewish industrialist Lord Melchett. "Another slump like the last one-and I'm afraid we'd have civil war in Britain!" Melchett told of advising the Government to buy 300,000 tons of copper at Depression's dirt-cheap price of $150 per ton, remarked that the Government is now screaming for copper at $350 per ton, cannot find as much as it wants for rearmament...
Last autumn Transcontinental & Western Air infuriated its two major rivals, United and American Airlines, by cutting its fares about to railroad levels (TIME, Nov. 9). TWA took this risky step for two reasons: to counteract the usual traffic slump in winter and to counterbalance the fact that both United and American temporarily had more luxurious equipment. American got the first Douglas DC-3 sleepers last year, did not dare put an extra fare on them in the face of TWA's cuts. United, however, did add a $2 surcharge for the non-stop run from Newark to Chicago which...
Touted as one of the new applied sciences that were going to bust the slump, air conditioning is still small potatoes. The industry's total sales last year were less than $60,000,000 compared with some $38,000,000 the year before. But the rate of growth in small airconditioning concerns like Trane has been impressive. In 1933 Trane's sales were a piffling $743,000. Two years later they were $1,700,000. For 1937 the company has set a quota of $5,300,000, which would be 75% better than...
Privately all agents agree London will be so jam-squeezed that even Ambassadors in Government cars will have to arise at dawn before the Coronation and reach the Abbey by 7 a. m. at the latest. Millions of Britons will stand, sit, slump and sleep on curbstones not only the whole previous night but in all probability the night before that. Ten thousand tourists will sleep in ships on the Thames...
Month ago Transcontinental & Western Air, Inc. announced that in the first nine months of 1936 it had set new records for passenger, mail and express transport. Last week, faced by the winter slump which has always hurt passenger flying, TWA made the most important bid for travelers any U. S. airline has offered in a long time. This major transcontinental system cut its fares approximately to the level of ordinary railroad fares, considerably below extra-fare trains...