Word: traded
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Dates: during 1930-1939
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...grocer in the usual way, at prevailing prices, which the U. S. Government has to pay when it redeems blue stamps. If Milo Perkins' plan works well enough to be spread over the U. S., its advantages will be that it balances Relief diets, stimulates the food trade, moves more farm produce through ordinary channels than FSCC could move through its artificial drains...
...aristocratic landowner from Pomerania in the backward German east, Bismarck cared little for the doctrines of economic freedom from feudal interference that were popular in 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...
...exports. Out of these equilibrist schemes grew the blocked currency accounts and the barter devices, with the Germans paying foreign exporters in special marks good only for German goods at a price lower than the internal price level. Boycotts and currency difficulties kept lopping off chunks of normal German trade with England, the U. S., and Soviet Russia, but export subsidies to the extent of 30% of the value of all German exports enabled Nazi businessmen to quote speciously attractive prices to the Balkans and South America, regions with surpluses of grain, tobacco, oil, cotton, coffee and cocoa. Between debtor...
Last week, this bit of history was memorable for Ford was again dangling an order before the trade, an order for only 5.000 tons, only an hour's run for the industry's continuous mills. But such was the state of the steel industry that the offer was demoralizing. Youngstown Sheet & Tube allegedly nibbled first, offering Ford a $2 a ton cut. He held out, won a reduction twice as big, added insult to injury by splitting the bone he was throwing seven different ways, so that no plant got more than a sniff of business...
...coal industry, disposed as it is to overproduce, needs a good strike about every three years. For the nation as a whole this is certainly no formula for wealth and plenty. The six-week soft-coal deadlock that ended last week caused serious and conspicuous economic damage. Retail trade in the strike area dropped 15% to 20%. Estimates of the total loss of purchasing power ran as high as $100,000,000. Though last week's settlement came in time to prevent large-scale stoppage of factories, ships or railroads, the effects of the strike will continue...