Word: traders
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Died. Lord Astor of Hever, 85, patriarch of the Astor family's British branch, and between 1922 and 1959 publisher of the London Times; of heart disease; in Cannes, France. A great-great-grandson of the American fur trader who founded the family fortune, John Jacob Astor V began his 23-year career in the House of Commons in 1922, the same year he bought control of the Times. Elevated to the peerage in 1956, he eventually left Britain to escape heavy death duties...
James Earl Carter Sr. was in business when his first son was born on Oct. 1, 1924. He managed a grocery store, owned the town's icehouse and dry-cleaning plant and later sold farm supplies. Jimmy's uncle was a mule trader, and occasional trips to Atlanta with him to buy mules to work the fields were young Carter's only exposure to nonagrarian society. At Plains High School he played basketball and went to "prom parties," those heavily chaperoned Friday night socials where the boys signed the girls' cards for a five-minute promenade on the front porch...
Name of the Grain. Exports of top quality European wheat flour, for example, receive a subsidy equal to 80% of the world market price. Taking advantage of that, one enterprising German trader was convicted of making several hundred thousand dollars by exporting certified "finest wheat flour" to Switzerland and pocketing the subsidy. When EEC officials finally inspected a shipment, they discovered that the flour actually was a nonsubsidized mixture of cattle feed. Conversely, "cattle feed" imported into the Common Market duty-free often turns out to be a mixture of two high-tariff commodities, wheat flour and sugar...
THORNTON BRADSHAW: Each one of us is, I suppose, a free trader except with regard to his own industry...
Because protectionism seemed good politics in a congressional election year, throughout 1970 the Administration, joined mainly by Southern textile magnates and their friends in Congress, pressed hard for a bill that would impose import quotas on textiles. House Ways and Means Committee Chairman Wilbur Mills, Arkansan and free trader, feared that any such law would wind up as a Christmas-tree bill for protectionists eager to defend domestic prices for everything from hats to shoes. Official negotiations with the Japanese had ended, so early this year Mills began private bargaining-with the Administration's knowledge-that resulted...