Word: consumerized
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The days of profusion were over. No longer would the U.S. be a cornucopia land with store counters piled high with merchandise, its storehouses bulging, its salesmen struggling for a share of the consumer's dollar. Not again, till the Axis was beaten, could the U.S. citizen buy anything...
Out of character leapt Alvin Ward Vogtle, Birmingham coal shipper who is also president of the National Association of Shippers Advisory Boards, to defend the railroads' action. Said he: "The increase should be not only liberal but generous...our very lives and freedom depend on the railroads....The railroads...
Leon Henderson, in character, opposed the increase as inflationary. He was particularly afraid of its effect on raw material and farm prices, where a 10% increase in freight costs may be pyramided on its way to the consumer.
The antitrust "conspiracy" as he described it was pretty subtle: there were no "Gary dinners," no tangible agreements between the defendants, not even any secrets-or not necessarily any. Nor was there any of the usual trustbuster's talk about a plot to gouge the consumer, no doubt because...
Half of Japan's 72,222,700 people are farmers, living on four islands whose area is smaller than California. When Japan began to industrialize, she soon found her specialty to be light industries and consumer goods. One-fourth of her population last year was either growing or manufacturing...