Business & Finance: HCof L

During the post-War inflation people used to talk a lot about the High Cost of Living. The HC of L was belabored in song and skit. Socialites protested the HCL by sporting overalls. As prices continued to mount, a nation-wide buyers' strike developed that was not broken until Wanamaker's department stores in Manhattan and Philadelphia suddenly slashed prices one morning in May, 1920—thus dating the beginning of the post-War depression.

Last week people were again grumbling about the High Cost of Living. But this time it was not so much about the price...

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