Word: boom
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Dates: during 1940-1949
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Money. The production boom pyramided the income boom. The Department of Agriculture, reporting cash farm income for March up 13.5% over February, noted that "since May 1940, the seasonally adjusted index . . . has risen sharply with only minor interruptions." SEC reported that, despite the biggest tax on payments in history, total liquid savings of individuals in the first quarter of 1943 stood at $9.9 billion. Of this a whopping $4.3 billion was in cash and demand bank deposits and only $2.6 billion ($300 million above the last quarter of 1942) was stored away in war bonds...
There should be a burlap boom. The U.S. is critically short of burlap, and Calcutta warehouses are bulging with it. Yet ships in the last month have been returning from India with unused cargo space. Reason: Indian exporters have jacked their prices up 15% in the last six months, but OPA maintains a tight price ceiling on burlap in the U.S. (at the dock, it now costs $15 per bale above the ceiling...
...round-faced Joe Trecker predicted that the industry's wartime business will stay at four to five times its peacetime production. His reasons: 1) inadequate, manpower-wasting equipment will be replaced as the capacity to make it is freed from more pressing work; 2) worn-out tools will boom the replacement business; 3) new weapons, new military strategy will call for new tools (e.g., a tank-making tool is no good if you want to make a "bazooka...
...peacetime is Joe Trecker's favorite subject. He denies that war tools will be any good for the dream cars, washing machines and refrigerators of the future, believes that his industry will be the indispensable base of a postwar consumers'-goods boom. And last week Joe Trecker delivered one solid piece of advice to his crepe-hanging colleagues: "The future of the machine-tool industry is no blacker than the individual abilities of its members will allow...
...Bell Strikes 12. The divergence between his aims and his mother's was growing wider. In the boom years Mrs. Wolfe speculated in real estate. Tom wished her success, but warned her against losing "the capacity for enjoyment. . . ." In the strange mixture of bad, sincere, flamboyant prose that ran through all his writing, he spoke his unhappy mind: "The golden years of my life are slipping by on stealthy feet at nightfall; there is a footprint in the dark, a bell strikes 12, and the flying year has gone. . . . The great play is yet unwritten; the great novel beats...