Word: boom
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Dates: during 1930-1939
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...history of U. S. business and finance. It is remarkable because the big, obvious factors which are usually held responsible for economic retrograde- swollen credit, top-heavy inventories, unmanageable surpluses-are not in existence. Business did overextend itself last spring, just before the President dampered the roaring commodity boom. But in large measure the principal cause of the Recession appears to be purely psychological, the result of Capital's mass pessimism about the future, and a consequent reluctance to make future commitments. The Recession is also remarkable because...
...correspondence between sunspots and business activity for the past decade is remarkably close. The boom years of 1928-29 were accompanied by sunspot peaks. Sunspots were at a low ebb in the Depression bottom of 1932, but climbed into 1937 along with Recovery...
Among the major causes for the bear market which has existed since March were the smash that month of the British commodity boom and a simultaneous dishoarding of gold under rumors that the U. S. was about to raise the gold value of the dollar. Last week almost the exact reverse of this situation became evident. U. S. commodity prices were almost all at the year's cheapest and the Dow-Jones commodity index declined 3.26 to 52.60, a new low since 1935. Cotton was down to 7.70? per lb., wheat to 86? per bu., copper...
...good wallop, this makes quite a radius of vibration; unfortunately the sides are so close together that most of it is dissipated inside the drum, producing a low tone that doesn't carry very far. But the tone is there nevertheless, and the claim that the real boom is produced by a smaller instrument is absolutely unfounded...
...well, when. not traveling on business. Born in Bartow, Ga., he went to work in the Maxwell Motors assembly line at 15, at 18 started night school in the Georgia School of Technology, was in the used car trade for himself by 1924, went broke in the Florida boom collapse in 1926. Standing penniless on a Miami street corner, he saw a man trying to sell a Nash for $300. Evans asked if he could try driving it. En route, he stopped at a garage, sold the car for $500, set himself up selling cars on his $200 profit...