Word: steele
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Dates: during 1930-1939
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...time of the World War the German steel cartel, or Stahlwerksverband, which included the Krupp armament works, was practically coterminous with the entire German steel industry. Fettered at home, competition was directed outward, against the industries of other nations; and throughout Germany the professors were quarreling over the concepts of State Socialism and State Capitalism, and wondering which was which. Meanwhile the Kaiser and court were fearful that the Socialists in the Reichstag (the Social Democratic Party had 112 seats out of 397 in 1912) might forget their "revisionist" doctrines and adopt the naked class war propounded by Karl Marx...
...German pigs had to be slaughtered in the war's first year because there was not even garbage for them to eat. As early as 1916 ration cards for fats and meat had been introduced, and the "turnip" winter was at hand. In coal and steel production War-time Germany held up, partly because of the capture of Belgian and French mines and blast furnaces. But the immense capacity of Pittsburgh, made available to the Allies even before the United States' entry into the war, easily beat down the Ruhr and the German State lost its first...
Underwritten by Travelers Insurance Co. of Hartford, the Ford policy is the third largest in the world, being exceeded only by that of U. S. Steel Corp. ($398,000,000) and General Motors...
Installmentwise: Battleship building takes over four years, cruisers and smaller craft proportionately less. Therefore, the $667,499,000 budgeted for naval building this year cannot be completely put in circulation for three to four years. Bethlehem Steel's order book now contains $71,000,000 of naval business (total unfilled orders: $192,000,000, largest in peacetime history) but, staggered over three or four years, this comes out as only $18-23,000,000 a year, not nearly enough to support the company's overall production much above the rate for the steel industry as a whole...
...small, last week its purchases-of one material, at least-were big. The buying power of Detroit itself is in the hands of auto purchasing agents, the best bargain hunters in big-time business. To them every posted price is a target to snipe at. They did their 1938 steel buying in two big lots, each time at their own price. Using as bait bigger orders than the steel industry has seen in some time, they are again angling for a steel price cut. Back in the days of Judge Gary, neither Henry Ford nor anyone else argued about...