Word: boom
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Dates: during 1940-1949
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...boomed with work; coming out of Washington was like leaving the quiet of an office to walk into the crashing roar of a factory. More men & women were working than at any time in eleven years-more than at any time in U. S. history except for six months in boom 1929.* By December 1941, 6,000,000 more men will be working, said the Defense Commission. Business hummed toward record activity (see p. 80). The U. S. was rapidly moving through the first phase of rearmament: total mobilization of the national economy into one vast productive effort...
...Deal economists, such talk sounded pre-boom and pre-emergency. Against present theoretical capacity of 83,000,000 tons of ingots, they figure steel demand for the year ending June 30, 1942, at 95,000,000 tons of ingots (of which 75,000,000 tons will be civilian, about 16,000,000 tons will go into exports, 4,000,000 tons will go into defense...
This year some economists say that the record boom in production has put inventories up to an all-time high. Recalling the unhappy aftermath of their last peak -the third quarter of 1937-these economists are worried. But the inventory bulge of 1940 is not so dangerous as it would be in normal times. Reason: it is concentrated in the warehouses of heavy industries, which, loaded with defense orders, are understandably freezing as much inventory as possible (mainly of durable goods) against possible war-goods shortages in 1941. Last week November's returns from the non-defense sector...
...ghost towns. He planned to farm out defense contracts (Britain's "bits & pieces" system) to these "shutdown areas," thereby spreading the work of subcontractors into its smallest possible subdivisions. Several moribund New England towns rolled up their sleeves and spit on their hands. But while the defense boom reclaimed old ghost towns, a new question rose: How many new ones would it create...
...coincidence or design, the Edwards investigation came at a time when many a merchant yearned restlessly for higher price tags. Meat prices were boosted in September. Grocers and other retailers, watching the defense boom, talked about the necessity of keeping prices down, thought about the possibility of putting them up. Three weeks ago, in Colorado, they put them...