Word: wool
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Dates: during 1940-1949
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...Moses Pendleton, a hulking Connecticut Yankee who had started with American Woolen in 1903 as a clerk, all this sounded like the bad old days. From 1925 to 1946, American Woolen made the goods for one out of every six men's suits in the U.S. But the wool industry, in general, was in a slump until the war years, and American paid no dividends on common stock. Then, as 10,000,000 ex-servicemen rushed to buy their first civvies, American Woolen found itself so prosperous that in 1946 it declared a $12 common dividend, saw its stock...
...industry grew fast, but Love's company grew faster. He kept buying small new plants (he now has 81), thus kept abreast of the industry's improvements without too big an outlay. Rayon's recent rate of growth has far exceeded both wool and cotton. Since 1940 the rayon industry has grown 238%, Burlington's sales have risen...
...fight affected more than rayon. Now that it was in ample supply, after three years of shortages, rayon men hoped to grab some of the cotton and wool market. In a cocky newspaper ad, Burlington sounded a battle cry: "It is a rough and tumble competitive situation with few holds barred. Business from here on in will go to the firms that produce precisely what the public wants and at the prices the public wants to pay." And the price for women's rayon dresses, Burlington thought, would soon be down...
...What He Wanted. But had it? Like his daddy, the late, loud Gene, who purposefully played the peckerwood, Hummon stood for 1) keeping "the Nigras" in their place, 2) keeping the wool-hat back-country control over the shoe-wearing big-city majority, 3) perpetuating in office the Talmadge dynasty, its heirs and assigns. That's what he wanted and that's what...
...with her other compatriots, Gizi's excursion this side of the Iron Curtain was an occasion for stocking up on nylons, watches, lighters-all the paraphernalia of the bourgeois West. She was so awe-struck at the sight of Swedish abundance that she had bagged a handsome wool jacket without paying for it. "I've never seen such a beautiful thing before," she admitted. "I just couldn't resist...