Word: prices
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Dates: during 1950-1950
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...until further notice, of new cars shipped after the rollback order. G.M. did not say how long the freeze would last. But it looked as if it was done in hopes of getting the rollback rescinded or persuading Washington to roll back raw materials and wages as well. A price freeze, said G.M., would require an "equally arbitrary wage freeze" under the Defense Production...
They laid out the charts before Valentine and Price Boss Michael DiSalle and came away from their meeting feeling that they had convinced DiSalle that a price increase was justified. Thus, they were flabbergasted when Valentine ordered them to roll back their prices, a move DiSalle did not agree with...
Profits & Potential. In going after the auto industry, the Government could hardly have given a better example of how not to control prices. The price stabilizers had completely forgotten the lesson of World War II that prices of an end product cannot be effectively controlled unless prices of all the raw materials going into it are also held down. To be successful in his attempt to control auto prices, Valentine would have had to control prices and wages all down the line-in fact, put the lid on a major segment of the entire U.S. economy. The auto industry consumes...
...true that the profits of some auto companies had been enormous. But they were big largely because of capacity production. With big cuts in auto production ahead, profits would drop far faster than the actual reduction in volume. In short, the Government's new venture into price control gave businessmen little confidence that the present control program would be a success...
Guggle to Zatch. Children will perhaps know best what to make of the evil Duke who sets good Prince Zorn such a fearful price for the hand of Princess Saralinda...