Word: boom
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Dates: during 1940-1949
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...were the industries which 1940's boom passed by. But none was more violently struck than aircraft. The planemakers began the year with an order backlog of $675,000,000 and 60,000 men at work. They ended the year with a $3,500,000,000 backlog, 164,000 men at work. Yet, corporately speaking, they ended the year as they had begun: small...
From the first, the railroads insisted they could handle any traffic load the defense boom might produce. When Burlington's Ralph Budd joined the Defense Advisory Commission, he did not seem worried either. In July, when traffic had risen to over 700,000 carloadings a week. Commissioner Budd urged the roads to fix up their bad-order cars, keep them below 6%. The Administration wanted him to force orders for 100,000 new cars at once, 500,000 by 1942. Mr. Budd preferred not to interfere with rail managements...
Ultimate beneficiaries of a confidence boom are the consumers. For a time, excitedly watching their spending theory get its first real test, some New Dealers boasted that consumption would get the long end of this boom too. But 1940 killed any hope that Defense spending might be a short cut to plenty and graceful living. The imminence of rationing in steel, in aluminum, in tools, in a dozen lesser consumer-goods necessities made 1941 look like an uncomfortable year. In 1940, consumers did benefit; 1940 produced more guns and more butter. But 1941 would have to produce still more guns...
...week, pessimists anticipated an inventory accumulation. Yet sales were too fast for dealers to keep more than one month's stock on the floors. Meantime the factories, still dodging priorities, managed to get in some advanced retooling (more facelifting) for the 19425. Having led every U. S. boom since 1921, Detroit could not be counted out of 1940-5. And it managed to keep its arms work (G. M. contracts alone totaled $400,000,000) as a sideline to its consumer market...
Despite the production boom, stock prices never have climbed back to the level from which the Lowlands Blitzkrieg toppled them last May. Thus many a shareholder had paper losses this month on stocks bought before the May collapse. To deduct them from his 1940 taxable income, he had to sell the shares, turn his paper losses into real ones. He then could deduct his short-term losses (on securities held less than 18 months) from short-term profits taken on other transactions this year, carry any net loss over to deduct from next year's short-term profits...