Word: boom
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Dates: during 1930-1939
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During the first quarter of the century records had their first boom. Disc-fans of that period paid the late Enrico Caruso alone some $3,000,000 in record royalties. What they paid for was a croaking shadow of Caruso's ringing voice. But in the days of hand-cranked Victrolas, even shadows were marvels of scientific progress. When the radio arrived in the early 20s, Victor Talking Machine Co., with Caruso as its biggest name, was doing more than half the industry's business to the tune of more than $50,000,000 annually...
...Sperry Corp. This year working overtime to turn out antiaircraft equipment, searchlights, airplane instruments, and deep-sea gyro equipment, Sperry netted a thumping $2,469,576 ($1.23 per share), up 12% from 1938's record first half, up 49% from the first half of 1936 when the armament boom began. Buttressed against wartime demands for working capital, it had $5,768,158 cash, 31% more than last summer...
...expected to have another customer in France, with a $2,776,000,000 gold chest (1938 purchases in the U. S.: $133,835,000). If atop all this, the U. S. also goes to war, the U. S. economy would face a first-class war boom...
...Every major economic change produced by war, even the creation of new industries, is a dislocation which upsets the world for a long time afterward. Every neutral which had a war boom in 1914-18 had a post-War depression when its wartime markets were lost. In the case of the last war, after the first depression of 1921, the neutrals settled down to a decade of struggle with the recovering belligerents for the markets of the world...
...necessary to tide over steel and other durable goods industries the summer and autumn of 1940, New Dealers now count on sagging indices. They asked whether Congress could revive (noted Barren's Index on building stocks was down 7.66% from July 28) July's stockmarket boom...