Word: consumerized
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Taxes. The President asked for more taxes, leaving types and amounts to Congress. But he left no doubt that he is utterly opposed to sales taxes or processing taxes which do not disturb profits, but soak the consumer. Ability to pay he fixed as the guiding principle. From these clues...
Ultimate beneficiaries of a confidence boom are the consumers. For a time, excitedly watching their spending theory get its first real test, some New Dealers boasted that consumption would get the long end of this boom too. But 1940 killed any hope that Defense spending might be a short cut...
When Detroit's production lines, as though fleeing conscription, raced down the last quarter at 120,000 units a week, pessimists anticipated an inventory accumulation. Yet sales were too fast for dealers to keep more than one month's stock on the floors. Meantime the factories, still dodging...
Recalling that Arnold's first big, nationwide investigation into living costs (housing) resulted in 99 indictments against 1,538 defendants, the Justice Department termed the foodstuffs probe "a logical successor . . . because next to rent food is the largest item of consumer expenditures." Placed in charge by Arnold was the...
Nub of the Conference's discussion was war: how to keep rising prices from skyrocketing, whether national defense would increase or diminish the supply of consumer goods. The most significant address had little concern with the war. It was a "preview" of 1940's census results (TIME, Sept...