Word: threes
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Dates: during 1940-1940
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When the American Express Co. sold off its motorized wheel chairs after the New York World's Fair, Fair President Harvey Gibson bought three to scoot around his estate...
There were three striking paradoxes of the 1940 boom...
...helped enthrone politics above economics in 1940, the three most important were businessmen...
...best represented by three giants: Du Pont, Chrysler, General Motors. Once a munitions-maker, Du Pont had diversified its business to the point where powder was less than 2% of its sales. Chrysler and G. M., too, wanted no part of the war as an investment. Each of these could have refused the unwelcome orders. None did. With bottomless resources, they could have expanded mightily into munitions, cleaned up for a few years. They did not do that either. Each mobilized its men and skills, agreed to build and operate munitions plants for a very nominal sum above cost...
...year-old Erie. In her gilded years she fell in with bad company-flamboyant Jim Fisk, piratical Jay Gould, pious Daniel Drew. Together they manipulated her back and forth from bonanza to bankruptcy, got her known as the "Scarlet Lady of Wall Street." Exhausted, the Erie had collapsed three times by 1895. Then she reformed. Under Van Sweringen control, she became a respectably operated road. But her capital structure never really recovered from Jay Gould's attentions, and she never again paid a dividend on the common. In 1938 Erie chugged into receivership (whither eleven Class I roads...