Word: trading
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Dates: during 1920-1929
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...played havoc with many different lines of business. Would-be purveyors of Spring garments have had to swallow a bitter pill. Buyers of automobiles and automobile accessories have held back. The consumption of gasoline has been adversely affected. The latest victim of the wintry Spring has been the sugar trade. The producers of sugar have held large amounts of raw sugar in hopes of high prices, while merchants and refiners have held back in expectation of a drop in prices. The cold weather has perceptibly decreased the normal consumption of sugar in the form of cold drinks, ice-cream...
...conclusion, it is clear that the call for teachers is great, and that our universities must supply them. Furthermore, teaching is a positive "calling" and not a negative recourse, or a trade. The kind of men that go into it will determine what it is to become and what its practical or its less tangible rewards are to be. Harvard has done much, in the character of the teachers that she has sent out, to raise the calling to a high level. Undergraduates, with full realization of the nature of the job, would do well to consider the need...
...Association of Manufacturers "resoluted" on an unusually wide variety of topics. Its "Platform of American Industry, 1924" advocated freedom for individual initiative and a halt in governmental control of business; deplored "dishonesty in high places"; defended the Supreme Court; condemned unnecessary taxation; favored the compilation and distribution of current trade information; declared tor complete freedom in making and maintaining voluntary employment agreements, without respect to compulsory membership or nonmembership in any organization; urged fair treatment for the railways and continuance of the Transportation Act; stood for the admission of immigrants economically needed, subject to the highest selective tests; supported...
...reconstruction of Europe-and particularly in the case of Germany-the dollar should be established as the international currency standard, caused trepidation abroad. Financial London, after a touch of goose flesh, has regained its habitual British sangfroid. Financial writers point out London's superior experience in foreign trade and its physical nearness to the world's ports compared with New York's. It has no intention of seeing the dollar usurp further the central and basic position in international trade occupied so long by the pound sterling. On the other hand, America's impregnable strength...
...willingness to buy all sorts of business enterprises of late, such as his railroad or his huge new development at River Rouge. "Lateral" trusts-i.e., mergers of industries of the same sort-are forbidden by the Sherman Anti-Trust Law on the grounds of restraint of trade. But for the "vertical trust," involving ownership of all productive and transportation facilities needed for manufacture of a product there is no legal prohibition. This is the kind of trust that Henry Ford is creating...