Word: slump
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Dates: during 1940-1949
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...farmers, who in turn bring pressure on their Government to accept. In the process, patriotic resistance is undermined; the neutral Government that makes the deal is compelled to pay its farmers in its own currency while waiting payment from Germany. A sudden ending of the demand brings a price slump, followed by farmers' defaulting on taxes and mortgage payments. Says Economist Brandt: "If this German technique were ever tried against the Latin-American countries, it would work magnificently. . . . Hitler . . . could throw every one of those countries into political convulsions and stir up violent hatred against the United States...
...tightening of the belt" made necessary by a decrease in income is not a problem which faces Harvard alone. Every college and University in the land is sweating over the same difficulty. A large part of Harvard's funds comes from tuition fees, so that an enrollment slump due to the draft will have its effect directly. For state-endowed institutions the situation is just as serious, however; for they rely partly on enrollment, but much more on appropriations from the state legislatures, who are apt to be more and more chary of grants for education because of the pressure...
Most bullish of South American countries when World War II broke out were the nations below the bulge of Brazil. Remembering the boom times of World War I, marred only by a slump in Brazilian coffee, confident they would never be drawn into actual conflict, they hoped to make a pocket supplying Europe's war machines...
Clark Hodder will probably start the same six that faced the Bengals in the Boston Arena last week, and it is improbable that Vaughan will change the lineup of his team, which snapped out of its "Harvard slump" to take a tough Dartmouth six into camp...
...United Automobile Workers, determined to break through Henry Ford's old, stout bulwark of antiunionism, still claimed heatedly that 300 men laid off at the River Rouge plant had been fired on account of union activities. Ford maintained that it was a seasonal slump, shooed union officials out of its yard...