Word: traded
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Dates: during 1930-1939
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...economic development that resulted from the foundations laid under King Ferdinand's reign have received further impetus under the energetic guidance of King Carol II. In spite of political and economic unsettlement in Europe, for many years past Rumania has enjoyed a balanced budget and a favorable trade balance. Industrial unrest has been reduced to a minimum. Indeed, the working people have little cause for complaint. Under the social legislation enacted more than 15 years ago, collective bargaining and paid vacations are guaranteed to industrial workers. Moreover, the remarkable industrial development of the country has practically eliminated unemployment...
...Appease the aggressor. Businessmen (who want quick turnover) and cynics (who deride quixotic sympathies) think the U. S. should make a new, and better, trade treaty with Japan when the abrogated Treaty of 1911 expires next month. Japan has no better customer than the U. S., and is the U. S.'s third best. To get on Japan's good side, argue the protagonists of this plan, it would be worth swapping away spheres of interest in China, which, they say, are already lost anyhow...
...resist. If you live in a firetrap, Nelson Johnson might say, and the apartment of the two people across the hall catches fire, you don't go on reading that romantic novel; you get busy. Occidentals want to go on hearing the sweet music of trade in the orient. For the time being, Nelson Trusler Johnson must bear the White Man's baton...
...unrestrained competition; that in the 50-odd years since the Act's passage, a contrary philosophy had grown up-through the Clayton, Capper-Volstead and Marketing Agreement Acts-which held that such associations as the Chicago milk groups were not illegal, and did not act in restraint of trade, since the later legislation sought collectivism and control of harmful competition. Specifically also he noted that the Secretary of Agriculture directly licenses such groups as the milk associations...
Before the Supreme Court on November 15 the Government argued the opposite: that the acts since the Sherman law merely allowed farmers and workers to organize, in order to attain their ends, but did not in any case grant them immunity from prosecution for conspiracy in restraint of trade...