Word: boom
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Dates: during 1940-1949
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Calendar Trouble. Time is running out. Franklin Roosevelt and Henry Morgenthau were slow to realize the role of fiscal policy in wartime. Administration policy first held that preparation for war and a prosperity boom could go hand in hand. When the boom got out of hand, the expedient was to create a "controlled inflation" by clamping down price controls, no matter how complicated they got or how dangerously they defied laws of supply & demand...
...Neil seems content to let the Yankee Network alone while his company, now 90% devoted to war goods, works out its war contracts, his post-war radio plans are more active. He sees the network's 6,000,000 Yankee listeners as customers for General Tire in a boom to follow the war. Said he : "New England is a cross section of the best in America. It has everything-big cities, small cities, agricultural areas. . . . And New England people pay their bills-promptly. . . . We do hope to bring to the network some of the spirit of Western gambling...
Foot It Feetly. At California's University of Redlands, Dr. Lawrence E. Nelson predicted that gasoline rationing would create a poetry boom. Reason: poets will do less driving, more creative pacing up & down...
Rockies. In Colorado, site of some of the country's most hair-raising ski runs, resorts are enjoying an unprecedented boom. Reason: within fairly easy reach of its skiing terrain are 13 Army posts, including Camp Hale (training grounds for U.S. ski troops), Camp Carson, Fort Logan, Buckley Field and Lowry Field. The huge Colorado Hotel at Glenwood Springs, where Teddy Roosevelt often tarried, is now full for the first time in years...
...causes of this civilian boom which used manpower and resources were two. One was the Government's policy of freezing prices, which in most retail lines effectively prevented the action of price from curbing demand. The other was the failure to bring civilian buying power into line with output of goods. Against goods and services of $81 billions, income payments to individuals after personal taxes were about $108 billions in 1942. In 1943 income payments after taxes are likely to be $118 billions to purchase some $75 billions of goods and services-the goal towards which Washington hopes...