Word: boom
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Dates: during 1940-1949
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...last week, thanks to their business boom and to sale or charter of old vessels at scarcity prices, they were in black ink for fair. American Export (which increased its tonnage of freight carried from 522,482 in 1938 to 933,952 last year, its miles traveled from 1,042,590 to 1,392,391), boosted its net income for the nine months ended last September to $5,895,000 from $216,631 in the 1939 period. Other typical 1940 earnings reports: Moore-McCormack, $5,274,911 against $354,416 in 1939; American-Hawaiian, a $3,431,169 profit against...
Defense to date has been a boom. Last week the Treasury served notice, through its recommendations to raise an additional $3,600,000,000 in new taxes, that from here out defense will mean sacrifice. It was the Administration's bluntest effort yet to take the sugar coating off the emergency. As far as business was concerned, it meant that the profit motive is practically out for the duration...
Defense's first year looked, to. some like a three-cornered race for "fat" among business, labor and agriculture. The Na tional City Bank estimated that 390 leading industrial corporations lifted their profits by 32% in 1940. The boom also upped manufacturing labor's payrolls by 27% (partly due to re-employment, partly to wage increases, partly to over time). Agriculture, its income up only 6% in 1940, felt business and labor had been going ahead too fast; so agriculture demanded increased subsidies to keep up in the race...
...direct and immediate purpose of these levies is to take the heat off Leon Henderson in his job of preventing price inflation. If the boom were to remain unchecked, Henderson would be swamped by civilian demand competing for goods in a market restricted by defense priorities...
Most common explanations for the low level of stock prices are three: 1) Investors agree with business bigwigs that when the rearmament boom ends, business will have a record crash. The FORTUNE Forum of Executive Opinion in December voted two-to-one that business conditions after the war will be the worst ever because the U.S. entered the rearmament spree without first setting its economic house in order. 2) Investors are sure the Administration is fundamentally unfriendly to business, expect company profits to be squeezed between rising wages and taxes carefully planned to siphon off profits. 3) Demand for stocks...