Word: consumerization
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As the dust settles it is impossible to grasp the full implications of the T.V.A. decision. This much appears certain: where the federal government is exercising power in its proper sphere, any supplementary measures, such as the purchase of transmission lines from the Alabama Power Company, and the sale of...
Like most packers, Armour turned the corner in 1933, had a good year in 1934. In 1935. sales of $683,000,000 produced profit of only $9,349,000, leaving Armor with only 1.37? profit per dollar of sale. Mr. Cabell said he had observed "considerable consumer resistance" to high...
"However, the question of the type of aid to be given the farmers is important. I object to the A.A.A. because it has raised prices, reduced consumption, made exports less than they would have been, has taxed the poor man in the city more than the wealthy, has endangered our...
"I think that we should be particularly interested in helping the poor farmer more than the rich ones. I believe that we should be interested primarily in the farmer who tills the soil and not in the absentee landlord. I believe that the A.A.A. so far has done a great...
"However, I feel that we are justified in helping the farmer and can do it by giving him security, lower interest rates, and reduced taxes. This will please the farmer and the consumer and will enable us to regain our export markets. It will also not be particularly expensive contrasted...