Word: spiralling
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Dates: during 1940-1949
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...Hitting the Harvard man" is especially important, for the greater share of undergraduate allowances is spent on scarce luxury articles. The spiral is given an extra twist every time a student buys records, gasoline, liquors, or similar goods. But all spending, whatever its object, is ultimately inflationary as soon as it gets to other consumers who use it for shortage commodities. This surplus purchasing power floating around the national economy must be sopped up by the sponge of war stamps and bonds...
...decision for the eleven Indians on the 15-man council. If they approved the arrest of Gandhi, it meant that their decision would haunt Indian politics for decades. It would cut them off from any Congress party support. On the fateful Friday they trudged three times up the winding spiral stairs of the Viceregal lodge to the Council Room. They left late at night with their decision made, their plans laid...
...arrival of U.S. troops and base-building dollars brought an inflationary spiral and a minor social revolution. In Jamaica, where Jim Crow was unknown before, some soldiers and civilian base workers tried to order "niggers" out of clubs and bars they had been frequenting for years. Others, failing to recognize the Caribbean caste system, which separates mulattoes from blacks and then grades the mulattoes socially according to the shades of their skins, fraternized with "the wrong people." At the same time the U.S. "invasion" raised hopes that a new deal in West Indian political and economic life would spring from...
Several months ago, farm prices were fixed at 110 per cent of parity, but the government planned to keep them below that level by selling at sub-parity prices important crops held as collateral for loans. Some such strategy was necessary, for rising farm prices mean an enormous inflationary spiral. Not only food prices would rise, but, since half of our farm produce goes into industrial raw materials, all other prices would go up too. The House Committee has refused to pass a Senate rider to the current appropriation permitting the Administration to sell 125,000,000 bushels of wheat...
...farm bloc's tactics cannot be too strongly condemned. A farm problem exists, and temporary measures are needed, but there is no excuse for an organized attempt to expose the whole population to an inflationary spiral for the benefit of a minority...