- published: 12 Feb 2016
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Rationing is the controlled distribution of scarce resources, goods, or services. Rationing controls the size of the ration, one's allotted portion of the resources being distributed on a particular day or at a particular time.
In economics, rationing is an artificial restriction of demand. It is done to keep price below the equilibrium (market-clearing) price determined by the process of supply and demand in an unfettered market.[citation needed] Thus, rationing can be complementary to price controls. An example of rationing in the face of rising prices took place in the Netherlands, where there was rationing of gasoline in the 1973 energy crisis.[citation needed]
A reason for setting the price lower than would clear the market may be that there is a shortage, which would drive the market price very high. High prices, especially in the case of necessities, are undesirable with regard to those who cannot afford them. Traditionalist economists argue, however, that high prices act to reduce waste of the scarce resource while also providing incentive to produce more (this approach requires assuming no horizontal inequality).[citation needed]
Wallace Fitzgerald Beery (April 1, 1885 - April 15, 1949) was an American actor. He is best known for his portrayal of Bill in Min and Bill opposite Marie Dressler, as Long John Silver in Treasure Island, as Pancho Villa in Viva Villa!, and his titular role in The Champ, for which he won the Academy Award for Best Actor. Beery appeared in some 250 movies over a 36-year span.
Beery was born in Kansas City, Missouri to Noah W. and Marguerite (Fitzgerald) Beery. He was a younger brother of actor/film executive William Beery and actor Noah Beery, who also had long careers in the motion picture industry, and was an uncle of actor Noah Beery, Jr., whose own screen career spanned seven decades. According to U.S. Census records, all three Beery brothers were born to the same parents, making them full brothers and not half-brothers as many biographies have claimed[citation needed].
Wallace Beery ran away from home and joined the Ringling Brothers Circus at age sixteen as an assistant elephant trainer. He left two years later, after being clawed by a leopard. Beery found work in New York City in comic opera as a baritone and began to appear on Broadway. In 1913, he moved to Chicago to work for Essanay Studios, cast as Sweedie, The Swedish Maid, a masculine character in drag. Later, he worked for the Essanay Studios location in Niles, California.
Charles Martin "Chuck" Jones (September 21, 1912 – February 22, 2002) was an American animator, cartoon artist, screenwriter, producer, and director of animated films, most memorably of Looney Tunes and Merrie Melodies shorts for the Warner Bros. Cartoons studio. He directed many of the classic short animated cartoons starring Bugs Bunny, Daffy Duck, the Road Runner and Wile E. Coyote, Sylvester, Pepé Le Pew and a slew of other Warner characters. Three of these shorts (Duck Amuck, One Froggy Evening and What's Opera, Doc?) were later inducted into the National Film Registry. Chief among Jones' other works was the famous "Hunting Trilogy" of Rabbit Fire, Rabbit Seasoning, and Duck! Rabbit, Duck! (1951–1953).
After his extraordinary career at Warner Bros. ended in 1962, Jones started Sib Tower 12 Productions and began producing memorable cartoons for Metro-Goldwyn-Mayer, including a new series of Tom and Jerry shorts and the television adaptation of Dr. Seuss' How the Grinch Stole Christmas!. He later started his own studio, Chuck Jones Productions, which created several one-shot specials, and periodically worked on Looney Tunes related works.