Word: boom
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Dates: during 1940-1949
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Although the battle was still largely behind the scenes, it boiled over in the Republican press when a sizable boom developed for bespectacled, colorless Werner W. Schroeder, National Committeeman for Illinois, a good friend of Chicago Tribune Publisher Robert R. McCormick...
...instructions: A clenched fist pulled down above his head means drill press. Palms close together in front mean to the mute that his measurements are too short. Palms apart: he has erred in the opposite direction. The mutes need no bells to warn them of overhead crane and boom movements. They watch moving shadows...
...trouble began last spring in Vancouver, Wash., when it became apparent that a new Kaiser shipyard would boom the town from 18,000 to 60,000. Kaiser brought in 20 doctors to look after his employes. Vancouver's 22 regular doctors tended the rest of the townsfolk. The State branch of the Procurement & Assignment Service went easy on Vancouver, drafted none of its overworked doctors for the Army (two volunteered). But Vancouver needed still more hospital space. So, after Dr. Sidney Garfield, one of the Kaiser doctors, talked it over with the county medical society. Kaiser built a model...
Subject of the talks was not hard to guess. Even during Morgenthau's short absence the home-front war against inflation has taken a turn for the worse. In Washington men knew that more than one price ceiling was cracking, that a vicious retail boom is on. Federal Reserve authorities gloomed that unless the Treasury can put its finances in order the U.S. will face a real bust...
What this little economic sermon failed to state was that this fall's buying boom is less the citizen's fault than that of his Government. One of the oldest theorums of practical economics is that if people have a lot of money, and if prices are held down, goods will go off the counter. The Administration by its own policies has created precisely these two conditions...