Word: socialized
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Dates: during 1930-1939
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...mattered not to the President that his Commerce Department's own Business Advisory Council had promulgated a tax revision program just like John Hanes's. What the President stuck for was the undistributed profits tax, a symbol to him of taxation-for-social control. Its aim is to force rich corporations to distribute earnings instead of keeping them in surplus. It also forces not-so-rich corporations to pay out, in dividends, earnings which they may need for capital expansion, or to pay debts, or as insurance against lean years. When Chairman Pat Harrison of the Senate Finance...
Lady Lindsay and her social secretary, Irene Boyle, had previously snooted Washington newshens and refused reasonable requests for information on such occasions as the visit of Anthony Eden. Even visiting British sobsisters who were received by Mrs. Roosevelt at the White House found Lady Lindsay too busy to receive them at the British Embassy. Last week frosty-haired Lady Lindsay prepared the press for the goodwill visit of the King and Queen by commenting on the bad manners of the U. S. press as she told them how Americans would have to behave. The newshens answered her back, unimpressed...
Bismarck to Stinnes. In 1913 Kaiser Wilhelm II received from the Association for International Conciliation congratulations on his reign of peace. Within the next 25 years, Germany had fought the greatest war in history, seen its Kaiser flee to Holland, gone through the most harrowing political, social and economic disorders in modern times and emerged the scar-covered bully-boy of the world. The Germany of Kaiser Wilhelm's day differs from the Germany of Adolf Hitler's day in that it had 18,778,491 fewer people and 50,545 fewer square miles in Europe. Aggrandizer Hitler...
...free trade England. He made German capitalism an "assisted" capitalism, far more consciously purposeful than the economic systems of the west. Price-fixing and market-sharing cartels were encouraged; protection was granted to both agriculture and industry. The Prussian railroads were bought for the Prussian State, and the Social Democratic trade unions were won over to the paternalistic system partly because of the general pre-War prosperity and partly because Bismarck had introduced sickness, accident and old-age insurance for wage-earners...
...World War the German steel cartel, or Stahlwerksverband, which included the Krupp armament works, was practically coterminous with the entire German steel industry. Fettered at home, competition was directed outward, against the industries of other nations; and throughout Germany the professors were quarreling over the concepts of State Socialism and State Capitalism, and wondering which was which. Meanwhile the Kaiser and court were fearful that the Socialists in the Reichstag (the Social Democratic Party had 112 seats out of 397 in 1912) might forget their "revisionist" doctrines and adopt the naked class war propounded by Karl Marx. Lacking internal flexibility...