Word: trades
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Dates: during 1930-1939
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This was enough to make U. S. Secretary of State Cordell Hull and other Free Traders generally shed tears of joy. It may mark the end of the post-War craze for excessive Nationalism and usher in a hopeful period of world economic appeasement, freer trade and resultant Prosperity...
...reduced Italian import duties. Thus Fascist Italy, ordinarily considered a super-Nationalist State, was the first to follow the French lead to tariff appeasement and a better economic world. To Washington and to London was presented a supreme opportunity to join in for international economic peace and increasingly Free Trade. "It is necessary," declared Benito Mussolini, "to abandon temporary settlements and enter the field of permanent adjustment...
Administration of the Robinson-Patman Act is in the hands of the Federal Trade Commission, custodian of the Clayton Act which the new law amends.* Hampered by lack of funds, the Commission has been desperately trying to set up administrative machinery for a measure which conceivably might require an NRA staff to enforce it. Not until last week did the Commission get around to cracking down on five corporations in three complaints affecting two homely commodities...
Rugs were the other concern of the Federal Trade Commission last week. It complained that Bird & Son, Inc. and a subsidiary were selling floor coverings to Montgomery Ward & Co. at lower prices than to independent retailers. As a beneficiary of the alleged discrimination Ward was also cited...
...cases big buyers may be driven even further into their own manufacturing operations. In others the manufacturers may have to choose the type of customer they intend to sell to, for the law seems to preclude the wide price differential necessary to retain both a wholesale and a retail trade...