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World at a Glance: Socialism Debate and Markets
The June 31 outlook by Leslie Eichel notes the National Recovery Act does not promise socialism but state capitalism. Norman Thomas, Socialist candidate, is discussed as unions gain sway in major industries. Inflation fears, wage-price dynamics, and Roosevelt administration warnings on unionism vs communism are examined amid deflation, railroads, and a weakening dollar affecting travel costs to Europe.
MENTIONED IN THIS ARTICLE
Norman Thom
Owever
America
Supreme Court
Eantime
Roosevelt