Word: boom
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Dates: during 1920-1929
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William G. McAdoo. The McAdoo boom is more widespread (with the possible exception of Mr. Coolidge's) and more open than that of any other candidate. He is in the contest in nearly every state. Alabama and New York appear to be the only outstanding exceptions. Alabama is rather clearly the property of its favorite son, Senator Underwood, who is McAdoo's chief opponent. New York is also devoted to a favorite son, Governor Smith. Making a fight against a favorite son in his own state is not often good politics. Besides frequently being a waste of effort and money...
Henry Ford. The Michigander is coquetting so long with all Parties, and all platforms, without announcing his affections, that there is danger of all state delegations becoming wedded to other candidates, and his entire boom turning into a strange, new form of automobile advertising. Nevertheless there is strong sentiment for him in the West. The chief supporters of his boom, so far, are, however, only the dilletant politicians, gentlemen without much electoral potency...
...added stimulus has been given to the construction industry, with a reappearance of a demand for higher wages. But even under slightly higher wage and material costs it is apparent that the " building boom " is going to continue well into 1924 and probably even longer. This will in turn serve as a back log for the iron and steel, lumber, cement and brick industries, and furnish much traffic for the railways...
...small customers. Many of the latter live at considerable distances from New York City, and are through inexperience unable to distinguish between the primary cotton market on the New York Cotton Exchange, and the mushroom imitations of it which crooks are so frequently ready to establish during a cotton boom. Officers of both the New York and New Orleans cotton exchanges are cooperating with the authorities to close up these cotton bucketeers, and evidently with success. Yet when the inevitable smash comes, no doubt the legitimate cotton exchanges will be blamed by many victimized but inexperienced bucket shop customers...
...probably curtail buying rather than enrich planter or spinner through 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...