Word: wheat
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Dates: during 1930-1939
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...will do it another. Do it we will." President Roosevelt squared off at critics of his recovery program like Keith Neville of Nebraska (see p. 11). "Ninety per cent, of complaints come from misconception. For example, it has been said that NRA has failed to raise the price of wheat and corn and hogs. . . ." He reminded people that the "pillars" of recovery were the NRA for industry, the A. A. A. for agriculture. Another pillar, "the money of the country in the banks of the country," was the subject of his unexpected, newsmaking conclusion. He promised a "sound managed currency...
...There is no question, that recognition will mean valuable trade agreements for the United States, not only in the capital goods industries, but in those of wheat and wool. Russia and the United States, although they are apparently destined to be the two great competitors in world trade, are at present logical markets for each other. Russia exports oil, wood pulp, and matches into the United States, and imports the machinery which may some day make her industrially self-sufficient...
That is the first group which has been subtracting from Roosevelt's sleeping hours; the second is the farm bloc. A few days ago Governor Langer of Nebraska ordered an embargo on all wheat exports from the state, to be enforced, if necessary, by the militia; Milo Reno is organizing another general farmer's strike; there has been increasing sentiment built up for inflation. These were not casual outbursts, but evidence of the farmer's feeling that he has been excluded from the Recovery program, that his situation has become and is becoming worse through the growing disparity between agricultural...
...term bond issue swung these hedgers sharply about. They sang paeans of relief and sold stocks and commodities. Because they felt so good and sold so freely prices slumped, threatened to break through the low levels established in last July's reaction. So abruptly did prices fall, particularly wheat prices which broke the limit of fluctuation (5? a bushel), that Governor William Langer of North Dakota declared an unprecedented embargo upon all shipments of North Dakota hard wheat, tying up some 50,000,000 bushels. Some of the hedgers feared that their joy might be the cause...
...another man might smack flies, big-fisted General Augustin P. Justo smacks Argentine revolts, bosses Congress (down whose retching throat he recently jammed Argentine adherence to the World Wheat Pact) and generally has fun. Last week neither the sudden discovery that agents of the Radical Party had perfected plots for a "general uprising," nor the sudden illness of Vice President Julio Roca could make President Justo change his plan of rolling up to Rio on a battleship...