Word: backlog
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Dates: during 1920-1929
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...high prices. The retail trade is too good to last, and is unusually dependent on the maintenance of very high industrial wages. The foreign situation grew more confused, accompanied by a sharp drop in sterling exchange. Only the building boom can be considered, from present prospects, as a real backlog to improved conditions in industry and trade, and even there the speculative builder must "watch his step" as never before...