Word: boom
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Dates: during 1940-1949
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...rate was spent there. That portion of Miami, Miami Beach and kindred spots which was built for and catered to the big-money trade found itself overbuilt (Miami Beach alone had 42 new hotels), spreading a rich business too thinly among too many hungry operators. Favorite explanation : the defense boom had kept many a well-heeled businessman at home, minding his contracts...
Such was the story, rather than the one told by Publisher Taylor, that Seattle newspaper rivals saw behind the Star's change of face. But they agreed that Seattle's defense boom and swelling population afford the Star a real chance to get back on its feet...
...position that the cessation of United States armament outlays would constitute a severe shock to the economy after the European war was ended. The best way to mitigate the shock would be for the Government to embark on a program of directed, controlled deficit financing. During the armament boom, the national debt can be expected to rise, but this fact should not be permitted to interfere with rational methods of dealing with a possible post-war depression...
...Where the defense boom had hit, it hit hard. Steel production, near capacity for weeks, dropped off two points because of repairs, breakdowns, a few strikes. But orders piled up faster than ever. Detroit, knowing its days of unrestricted automaking were numbered, maintained production at an all-time February high...
...substantial majority of business executives agree that the rearmament boom will...