Word: backed
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Dates: during 1950-1959
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...papers, e.g., the Greenwich Village Villager, which was not affected by the strike. On 42nd Street, Stern's department store installed eight pretty girls in show windows to chalk sales specials on blackboards, got so much response that the girls may be used even after the newspapers are back. Radio station WMCA began selling retail announcements on a half-hour program hitherto devoted to public service, sold all available time 48 hours in advance...
...Anno 1703." Underneath, another label was found reading "Pietro Antonio della Costa, Treviso, Anno 1764." Both labels were false. A Swiss collector brought in a 1716 "Stradivarius" for which she had paid $30,000, was informed by Iviglia's office that she owned "a very handsome instrument dating back to about 1800 and worth not more than...
...made and learned new rules all its own. The test-and the proof that the U.S. had learned its lessons well-was the recession. It not only highlighted the changes in the economy, but proved beyond doubt that the U.S. could take a hard knock and come bouncing quickly back. In the new economy...
...product lost $19.8 billion in six months. It was also the most carefully reported, closely analyzed and best understood of the three postwar recessions. Everyone knew the basic causes: businessmen, expanding at fantastic rates ever since World War II, had to slow down; the economy needed time to sit back and digest all the new capacity. Plant expansion, roaring along at the rate of $37.8 billion in 1957, dropped to $29.6 billion in 1958. Businessmen who had been accumulating inventories at the rate of $2.2 billion annually decided they had too much on their shelves; they cut back drastically, almost...
...housing starts in 1958) with the aid of beefed-up FHA, VA and Fannie May programs. Good weather and fine crops gave farmers a 20% boost in income. Finally, the defense planners who had helped accelerate recession with an ill-timed economy wave in the summer of 1957 got back on the missile beam by mid-1958 with a $5.3 billion increase in the contract awards...