Word: kickbacks
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Dates: during 1940-1940
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Question is whether the healthy competition started by Allis-Chalmers has taught U. S. farm implement companies their lesson. Barely two years ago the industry greeted Depression II with a 4-5% price rise. So catastrophic was the kickback that, later in 1938, the increase was given back, prices on heavy machinery were slashed up to 12%. With dollar-plus wheat and 72? corn, the industry has not guaranteed its customers against a price rise in 1940. It always prefers rosy spectacles...